Results of Debt Holder meeting

23rd December 2013

PeerTV PLC

("PeerTV" or "the Company")

Amendment to the Terms of Unsecured Loan Notes

PeerTV (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 amendments have been agreed with the holders of the company's 2014 8% Unsecured Loan Notes which will facilitate their conversion to Ordinary Shares.

As an original meeting of Loan Note Holders on 16th December did not reach quorum, a reconvened meeting of the Loan Note holders was held in London on 23rd December 2013. At this meeting a resolution was passed by the required majority to amend the Loan Note instrument:

a) Allowing the Company, at its election, to convert up to 100% of the value of Loan Notes in issue into Ordinary Shares of the Company, pari passu with the raising of New Equity by the Company. The Conversion Price shall be equal to 90% of the weighted average issue price per Ordinary Share paid by subscribers in respect of such new equity raised in the preceding quarter.

b) Granting the Company the right to accrue the half yearly interest due on the Loan Notes to the principal if, in the opinion of the Board of Directors, the cash flow of the Company from operations is insufficient to be able to pay the interest without putting undue stress on its ability to operate.

Following the meeting Ossie Weitzman, the Chief Financial Officer of PeerTV plc said: " Obtaining the agreement of the Loan Note holders to a structured conversion is a significant step in our efforts to strengthen and restructure the balance sheet of the Group. Under the agreed arrangements whenever additional equity investment is received a corresponding proportion of the Loan Notes will be converted. Up to now the presence of fixed interest debt has proved to be a barrier to potential equity investment. Agreement to accrue the interest coming due on the Loan Notes will enable the release of funds to be utilized for working capital and generally growing the business".

Further enquiries:

PeerTV Plc

Eitan Yanuv, Chairman +972 974 07315

Libertas Capital Corporate Finance Ltd

Thilo Hoffmann/Sandy Jamieson +44 (0) 203 697 9499

Peterhouse Corporate Finance

Jon Levinson/Eran Zucker +44 (0)207 469 0932