Issue of Equity

28 October 2014

PeerTV PLC

("PeerTV" or the "Company")

Loan Note Conversion and Issue of Equity

PeerTV plc (AIM:PTV), a provider of technology solutions for the OTT (TV over the internet) market, and PCB (printed circuit board) production solutions announces that it has issued 23,622,047 new Ordinary shares at a price of 0.127 pence per share to YA Global SPV Limited being a first drawdown of £30,000 under the Standard Equity Distribution Agreement ("SEDA") announced on 30th July 2014.("SEDA Shares").

The Company also announces that it has issued 10,000,000 new Ordinary Shares to CSS Alpha (BVI) Ltd in part payment of loans to its subsidiary PeerTV Limited at a price of 0.20 pence per new Ordinary Share ("Loan Shares"). The amount of loans being repaid is £20,000.

The SEDA shares and the Loan Shares ("New Shares") amount to 33,622,047 new Ordinary Shares in aggregate. Application has been made for the New Shares to be admitted to trading on AIM and admission is expected to occur at 8:00am on 3 November 2014 ("Admission").

Following Admission, the Company will have in issue 479,596,678 Ordinary Shares. The Company does not hold any Ordinary Shares in treasury. Therefore the total number of Ordinary Shares with voting rights in the Company will be 479,596,678. This figure 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.

Further enquiries:

PeerTV Plc

Eitan Yanuv, Chairman

Tel: +972 974 07315

Daniel Stewart & Company

David Coffman/Emma Earl

Tel: +44 (0)20 7776 6550