Replacement: First Closing of Placing

13 August 2012

PeerTV PLC

("PeerTV" or "the Company")

Replacement: First and second closing of placing

The following amendment has been made to the 'First and Second Closing of Placing' announcement released on 13 August at 16:00 under RNS No 9159J.

In the contact information in "Further Enquiries" the reference to Rivington Street has been removed and has been changed to:

Peterhouse Corporate Finance

Jon Levinson/Eran Zucker +44 (0) 20 7469 0932

All other details remain unchanged.

The full amended text is shown below.

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 closing of a placing of additional shares.

The Company is raising up to £750,000 (before expenses) through a placing of up to 9,090,909 new ordinary shares placed at a price of 8.25 pence per share. Each new share has 0.9 three year warrant to purchase an ordinary share at 9.25 pence per share attached, for a maximum total of approximately 8,181,818 warrants at full subscription. The shares and attached warrants are placed with private investors. A total of approximately £590,000 has been received by the placing agent so far and closings of £387,750 have been effected on 6 August and 12 August.

Leon Nahon, Chairman, comments:

 "We are delighted to have raised further funds to improve our working capital. This placing is the continuation of the effort of management to improve the working capital situation which began with a small placing in January."

Further enquiries:

PeerTV Plc

Leon Nahon, Chairman +972 974 07315

Libertas Capital Corporate Finance Limited

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

Peterhouse Corporate Finance

Jon Levinson/Eran Zucker +44 (0) 20 7469 0932

Bishopsgate Communications

Nick Rome/Sam Allen +44 (0) 20 7562 3350

[email protected]