Internet Gold's Board Approves Additional Share Buyback Program

Name	Symbol	Market	Type
iShares Physical Metals plc	TG:IGLD	Tradegate	ETC

	Price Change	% Change	Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Traded	Last Trade
	0.00	0.00%	42.6638	42.0973	42.4765				0	21:01:45

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PETACH TIKVA, Israel, July 7 /PRNewswire-FirstCall/ -- Internet Gold Golden Lines Ltd. (NASDAQ Global Market and TASE: IGLD) today announced that its Board of Directors has authorized the repurchase of up to NIS 70 million (approximately U.S. $21 million) of the Company's ordinary shares. This is the second repurchases program to be authorized by the Company's Board of Directors and purchases will be made from time to time in the open market on the NASDAQ Global Market and Tel Aviv Stock Exchange. The timing and amount of any share purchases will be determined by the Company's management based on its evaluation of market conditions and other factors. The repurchase program may be suspended or discontinued at any time. This new program is in addition to the program announced by Internet Gold on November 29, 2007, when its Board of Directors authorized the repurchase of up to NIS 70 million of the Company's ordinary shares. Management has substantially completed the initial repurchase plan, having repurchased 1,978,476 ordinary shares at a cost of NIS 68 million, bringing the total number of outstanding shares to 21,539,930 as of June 30, 2008. "Our Board's decision to authorize a second repurchase program reflects our confidence in our company and its future prospects and our strong financial position," said Eli Holtzman, Chief Executive Officer of Internet Gold. "We strongly believe that, at the current price, the purchase of our own stock is an appropriate use of our cash and will further enhance long-term shareholder value." About Internet Gold Internet Gold is one of Israel's leading communications groups with a major presence across all Internet-related sectors. Its 72.4% owned subsidiary, 012 Smile.Communications Ltd., is one of Israel's major Internet and international telephony service providers, and one of the largest providers of enterprise/IT integration services. Its 100% owned subsidiary, Smile.Media Ltd., manages a portfolio of Internet portals and e-Commerce sites. Forward-Looking Statements This press release contains forward-looking statements that are subject to risks and uncertainties. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, general business conditions in the industry, changes in the regulatory and legal compliance environments, the failure to manage growth and other risks detailed from time to time in Company's filings with the Securities Exchange Commission. These documents contain and identify other important factors that could cause actual results to differ materially from those contained in our projections or forward-looking statements. Stockholders and other readers are cautioned not to place undue reliance on these forward- looking statements, which speak only as of the date on which they are made. We undertake no obligation to update publicly or revise any forward-looking statement. For further information, please contact: Mor Dagan - Investor Relations / Tel:+972-3-516-7620 Ms. Idit Azulay, Internet Gold / Tel: +972-72-200-3848 DATASOURCE: Internet Gold CONTACT: For further information, please contact: Mor Dagan - Investor Relations, / Tel:+972-3-516-7620, Ms. Idit Azulay, Internet Gold, / Tel: +972-72-200-3848

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IGLD iShares Physical Metals plc