Issue of Equity following debt conversion

22 May 2012

PeerTV PLC

("PeerTV" or "the Company")

Conversion of £90,000 debt

Issue of equity

PeerTV (AIM:PTV), a provider of technology solutions for the OTT (TV over the internet) market and PCB (printed circuit board) production solutions, announces the issue of shares following the conversion of some debt into equity.

The Company has converted ca. £90k of a bridge loan into 682,003 new ordinary shares at a price of 13 pence per share. In addition for each two new ordinary shares there is one five year warrant to purchase an ordinary share at 15 pence per share attached. The shares and attached warrants. The Company has issued 682,002 new ordinary shares and matching warrants and will apply for the shares to be admitted to trading on AIM. Admission of the shares to trading on AIM is expected on 28 May 2012.

Following the issue of the 682,003 new ordinary shares, the total number of ordinary shares in issue is 45,461,133.

The above figure of 45,461,133 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in or a change to their interest in the share capital of the Company under the Financial Service Authority's Disclosure and Transparency Rules.

Further enquiries:

PeerTV Plc

Leon Nahon, Chairman +972 974 07315

Libertas Capital Corporate Finance Limited

Thilo Hoffmann/Andrew McLennan +44 (0) 20 7569 9650

Rivington Street Corporate Finance

Jon Levinson/Eran Zucker +44 (0) 20 7562 3384

Bishopsgate Communications

Natalie Quinn +44 (0) 20 7562 3350

peertv@bishopsgatecommunications.com