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| Name                                                                                                                                                                                                                                                                                     | Place of Incorporation |   | Percentage of Ownership |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------|--------|-------------------------|--------|
| B Communications Ltd.                                                                                                                                                                                                                                                                    | Israel                 |   |                    | 76.62  | % |
| GoldMind Ltd.                                                                                                                                                                                                                                                                            | Israel                 |   |                    | 100    | % |
| Internet Gold International Ltd.                                                                                                                                                                                                                                                         | Israel                 |   |                    | 100    | % |
| IG Vest Ltd.*                                                                                                                                                                                                                                                                            | Israel                 |   |                    | 100    | % |
|                                                                                                                                                                                                                                                                                     |                   |   |                    |   |   |
| Subsidiaries of B Communications Ltd.                                                                                                                                                                                                                                                    |                   |   |                    |   |   |
| Bezeq The Israel Telecommunications Corp. Ltd. (TASE:BZEQ)                                                                                                                                                                                                                               | Israel                 |   |                    | 30.44  | % |
| B Communications (SP1) Ltd.                                                                                                                                                                                                                                                              | Israel                 |   |                    | 100    | % |
| B Communications (SP2) Ltd.                                                                                                                                                                                                                                                              | Israel                 |   |                    | 100    | % |
|                                                                                                                                                                                                                                                                                     |                   |   |                    |   |   |
| Subsidiaries of by GoldMind Ltd.                                                                                                                                                                                                                                                         |                   |   |                    |   |   |
| Start Net Ltd.                                                                                                                                                                                                                                                                           | Israel                 |   |                    | 100    | % |
| Nirshamim Lalimudim Ltd.                                                                                                                                                                                                                                                                 | Israel                 |   |                    | 100    | % |
| Hype Active Media Ltd.                                            | Israel                 |   |                    | 100    | % |
| Seret Israel's Movies Portal Ltd.                                                                                                                                                                                                                                                        | Israel                 |   |                    | 51     | % |
| The Money Interactive Ltd. *                                                                                                                                                                                                                                                             | Israel                 |   |                    | 100    | % |
| Smile.Limudim Ltd.                                                                                                                                                                                                                                                                       | Israel                 |   |                    | 100    | % |

| _________________ |
|-------------------|

| * Inactive. |
|-------------|

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