B Communication — Capital/Financing Update 2012

Jan 5, 2012

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C003�� ������������� ��"�2PublicB COMMUNICATIONS LTD8210Corporation no: 512832742Stock Exchange/Market: �� �������������2508381Dov Friedman 2 , Ramat-Gan 52503 , Israel ,Tel: 03-9240000 , 03-7530928 Fax: 03-7530075E.mail address: doron@igld.comDate of transmission: 05/01/2012              Time of broadcast: 09:27 09:26:31

Company site:		www.bcommunications.co.il

Reference: 2012-02-006612

Israel Securities Authority		Tel Aviv Stock Exchange
www.isa.gov.il		www.tase.co.il

Other Report or AnnouncementRegulation 5 of the Securities Regulations, (Periodic and Immediate Reports of Foreign Corporation) 5761-2000 The corporation is a foreign private issuer as defined by U.S. Securities Laws.

Attached hereto is a report on	B Communications Ltd. announces that it completed a private placement of its Series B Debentures to Israeli institutional investors.

bcom_050112_isa.pdf

References of previous documents relating to this matter(the reference does not constitute incorporation by reference):
Previous names of reporting entity: 012 SMILE.COMMUNICATIONS LTD
Date of revision of form structure: 04/01/2012
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Name of the Signatory: : Barlev Ami , Position of Signatory in the reporting corporation: Legal Adviser , Name of Employer Company: Eurocom communications Ltd .
Dov Friedman Telephone: 03-7530104 , Facsimile: 03-7530083 , E-mail: amiba@eurocom.co.il 2