Result of General Meeting

PeerTV plc

("PeerTV" or "the Company")

Share Consolidation General Meeting

PeerTV plc (the "Company") is pleased to announce that at the general meeting held at 5.15 p.m. today that all the resolutions were duly passed relating to the share consolidation and the disapplication of statutory pre-emption rights. A shareholder committee has been formed to discuss with management the Group's future development plans and alternative fundraising strategies. In addition, Kavi Dhana and Leon Hogan will be appointed to the board subject to completion of normal review procedures.

Commenting on the meeting, Eitan Yanuv, Chairman said "I am glad that the resolutions have been passed addressing the immediate short term needs of the Company and welcome the supportive input of the shareholders to the future of the Group."

Effect of the Proposals

As a result, each existing ordinary share of 0.01 pence will be subdivided into one ordinary share of 0.00001 pence each and one subordinated "C" share of 0.00999 pence each ("Subordinated 'C' Share"). Second, every 1,000 ordinary shares of 0.00001 pence each resulting from such subdivision being consolidated into one new ordinary share of 0.01 pence ("New Ordinary Share").

The New Ordinary Shares arising on implementation of the share consolidation have the same rights as the existing ordinary shares, including in respect of voting rights, entitlement to dividends and other rights. Further (and ignoring the effect of fractional entitlements), although the share consolidation will reduce the number of ordinary shares in the capital of the Company held by each Shareholder by a factor of 1,000, the share consolidation should not, by itself, affect the market value of their shareholding. The Subordinated 'C' Shares carry no rights as to voting or dividends and would be of no economic value.

The New Ordinary Shares are expected to be admitted to AIM at 8 a.m. on 04 November 2015 with CREST accounts credited as early as practicable on that date. Following the Share Consolidation, the Company's new SEDOL code will be BYZ9Z48 and its new ISIN code will be GB00BYZ9Z481.

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