Corporate Update

22 June 2015

PeerTV PLC

("PeerTV" or the "Company")

Corporate Update

PeerTV plc (AIM:PTV), a provider of technology solutions for the OTT (TV over the internet) market and PCB (printed circuit board) production solutions, is pleased to announce the following corporate update regarding Speech Modules Holdings Limited ("Speech Modules") and a forthcoming meeting of Digitek SMT Assemblies Limited's ("Digitek) secured loan noteholders (the "Secured Loan Noteholders").

Speech Modules

Speech Modules, a company in which PeerTV holds a 17.72% interest, has reported to the Tel Aviv Stock Exchange that it has signed an agreement with a London based corporate finance firm under which it will raise, on a best efforts basis, up to £1 million, before expenses, through a private placement, at a pre-money valuation of £5 million. Speech Modules has a current market capitalization of about £1.5 million. The proposed investment round is scheduled to take place within the next 90 days and the intention is that this round will be a precursor to the listing of the Speech Modules' shares on the Alternative Investment Market ("AIM") of the London Stock Exchange.

Meeting of Secured Loan Noteholders of Digitek

The Company's 64.1% owned-subsidiary Digitek, has called a meeting of its Secured Loan Noteholders which will take place on 6 July 2015 at the offices of Edwin Coe LLP, 2 Stone Buildings, Lincolns Inn, London WC2. The purpose of the meeting is for the Secured Loan Noteholders to consider a proposal to restructure the loan notes in order to improve the working capital position of Digitek.

Since 2012, Digitek has raised in total approximately £2.1 million through the issue of secured loan notes in two denominations: twelve months with annual interest of 12% and six months with annual interest of 9.6%. As at today's date, approximately £1.95 million (representing £1.8 million principal amount and £0.15 million in accrued interest) is owed to the Secured Loan Noteholders.

Digitek has not paid certain interest and principal amounts due on these secured loan notes. Accordingly, the following resolution has been put to Digitek's loan note holders in order to agree a waiver of the default and to improve the working capital position of the group:

(a) sanction that the annual rate of interest on the principal amount of all outstanding Loan Notes in issue at the date hereof shall be modified with effect from 31 March 2015 to accrue at the rate of 6% per annum notwithstanding the rate of interest specified at the time of the issue of any such loan notes;

(b) sanction the waiver and release of the company from all breaches of the terms of the loan notes arising by reason of the failure to make payment of any interest or principal sum in respect of the loan note falling due on or prior to the date hereof;

(c) sanction the suspension of the payment of any interest and principal sum which may become due in respect of the outstanding loan notes between the date hereof and 1 January 2016;

(d) sanction the waiver and release of the company from all liability in respect of all unpaid interest accrued and accruing to 30 June 2015 in respect of the outstanding loan notes to the extent of and subject to a payment of an equivalent sum in repayment of principal amounts, no later than 1 January 2016, due in respect of the outstanding loan notes which repayment shall be accepted by the holders of loan notes;

(e) sanction that the company may enter into purchase order financing arrangements with third party lenders for the purpose of providing working capital to the company notwithstanding any terms of the loan notes or security in respect thereof.

If the proposal is agreed, Digitek will not be obliged to make any further payments until 1 January 2016 although it may choose to repay the outstanding accrued interest of £150,000 before then. Digitek will also be able to enter into trade finance agreements in order to assist with the development of the business.

Further enquiries:

PeerTV Plc

Eitan Yanuv, Chairman

Tel: +972 974 07315

ZAI Corporate Finance Limited

Tim Cofman / Richard Morrison

Tel: +44 20 7060 2220

Daniel Stewart & Company plc

David Coffman

Tel: +44 207 7766550