Issue of Shares

1 May 2015

PeerTV PLC

("PeerTV" or the "Company")

Issue of Shares

PeerTV plc (AIM:PTV), a provider of technology solutions for the OTT (TV over the internet) market, and PCB (printed circuit board) production solutions wishes to inform the market that further to its announcement dated 16 April 2015 regarding its second Cooperation Agreement with Speech Modules Holdings Limited ("SML"), it has issued 29,411,765 Ordinary Shares of 0.01 pence each at a price of 0.68 pence per share to SML (13.4% of the issued share capital of PeerTV).

Under the terms of the Cooperation Agreement SML has authorized the issue to PeerTV of 7,285,000 ordinary shares at a price of 0.16 NIS per share (being the closing price of SML on 10 April 2015). Consequently, PeerTV holds 15.66% of the Issued Share Capital of SML.

Application has been made for the New Shares issued to SML to be admitted to trading on AIM and admission is expected to occur at 8:00am on 7th May 2015 ("Admission").

Following Admission, the Company will have in issue 219,326,081 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 219,326,081. 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

ZAI Corporate Finance Limited

Tim Cofman / Richard Morrison

Tel: +44 207 060 2220

Daniel Stewart & Company plc

David Coffman

Tel: +44 207 7766550