Motive Television Plc Regulatory News (MTV)

20 January 2016

Motive Television PLC

("Motive" or the "Company")

Further re. Convertible Loan Notes ("CLNs")

Convertible Loan Notes

On 5 January 2016, Motive Television Plc ("Motive" or the "Company") announced that it had reached agreement with the largest CLN holder to acquire its £1,393,795 of CLN's for £100,000 in cash plus a 5-year warrant to acquire 5% of the Company. Completion of that acquisition was scheduled to be completed today.

The Company has not been able to complete this transaction as it has not been able to reach agreement with other CLN holders and the Company has now convened a meeting of the holders of the CLNs for 29 January 2016 in order to seek an extension of the redemption date from 31 December 2015 until 31 December 2017.

The largest CLN holder has agreed to vary the terms of the previously announced deal and extend the completion date until 19 February 2016. Consequently, the Company will now be required to pay £150,000 in cash (previously £100,000) in order to acquire the £1,393,795 of CLNs held by the largest holder.

Working Capital

As announced previously, Motive's working capital continues to be tightly managed and Motive continues to rely on the support of its creditors, staff and of its directors in order to continue to trade.

Enquiries:

Notes to Editors:

Motive Television was founded in London in 2005 and its shares are quoted on the London Stock Exchange (AIM).

http://www.motivetelevision.co.uk

Motive Television provides broadcasters and pay television operators with enabling technology that provides opportunities to deliver highly valued services to viewers that generate additional income and retain existing subscribers, comprising:

Content Express™

Today's television viewers are demanding the ability to watch whatever they want when they want it on any screen, and Motive's Content Express™ makes that possible without having to build new networks. Content Express™ software provides secure delivery and management of non-linear digital content across any type of broadcast network to any consumer-facing screen or device. Motive has deployed it in both single and hybrid distribution systems that combine broadband access with traditional distribution for an optimal solution.

Motive's Content Express™ solutions platform provides a one-stop shop for digital terrestrial broadcasters, satellite, DTT cable pay television platforms, and Internet OTT content providers to offer new services including: Video on Demand (VOD and SVOD), Catch-up television, Tablet Television, Targeted advertising for VOD, Mocast for 4G LTE, Virtual channels and Video2Go.

TabletTV™

With a proprietary app and TPod antenna-tuner, tablet owners around the globe can watch and record all the programming currently broadcast over digital terrestrial channels. Additionally, Tablet TV subscribers have the ability to download a selection of video-on-demand movies and programmes without the need for Internet access and, when they are connected, use integrated social networking and access anything available over the Internet.

BYOD TV™

Motive's BYOD TV solution provides passengers and crew in maritime environments with access to video-on-demand movies and television without needing direct access to the Internet or broadcast signals. Markets for the platform include operators of passenger ferries, cruise lines, commercial ships, and oil platforms among others. In addition, BYOD TV has application for additional markets including passenger airlines, trains, waiting lounges, etc.

Motive's content division is:

 Motive Television Limited, a Dublin-based award-winning independent production company that produces factual programmes for Irish broadcasters. It specializes in live sports production and sports documentaries and also produces factual and entertainment series.