CELLCOM ISRAEL LTD

Ticker: CELJF CUSIP: M2196U109 Class: Common Stock

RATIONAL ADVISORS LLC's Holding History (CIK: 0001143565)

Note: Option positions (PUT/CALL) are excluded.

Q4 2011

Shares 8,500 Value ($000) $144 Avg Close — Range —

Q3 2011

Shares 8,500 Value ($000) $178 Avg Close — Range —

Q2 2011

Shares 8,500 Value ($000) $236 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2011	8,500	$144	—	—
Q3 2011	8,500	$178	—	—
Q2 2011	8,500	$236	—	—