PTV.L Regulatory News (PTV)

15 October 2015

PeerTV PLC

("PeerTV" or the "Company")

Corporate Update re: Financing and Digitek Order

PeerTV plc (AIM:PTV), a provider of technology solutions for the OTT (TV over the internet) market, and PCB (printed circuit board) production solutions announces that it has signed an amendment to the Standby Equity Distribution Agreement ("SEDA") with YA Global Master SPV Limited ("YA") dated 28 July 2014.

PeerTV and YA have amended the SEDA by extending the period for one year and increasing the amount committed by £300,000 from £1,500,000. Accordingly the aggregate amount under the SEDA is increased to £1,800,000 and the commitment period is defined as the period commencing on the date of this Agreement and expiring on the earliest of the following:

i) The date on which the Investor has made payments of advances to the Company under the SEDA amounting in aggregate to the commitment amount

ii) The date that this Agreement is terminated

iii) July 28, 2018

The cumulative amount drawdown under the SEDA agreement totals £1,005,000.

PeerTV and YA have also agreed to a further tranche of funding of $171,000 under the Convertible Note Agreement announced on 10 February 2015. The Company will receive $107,200 net of costs due to YA (consisting of an implementation fee of $50,000 in respect of the SEDA extension and $13,680 in respect of draw down fees under the Convertible Loan Note agreement). If YA converts any of its debt under this tranche of funding, it is agreed that the issue price per Ordinary Share shall be 0.024 pence (which is 120% of the closing price on 12 October 2015). Such exercise price would be adjusted accordingly to reflect the concentrative effect of any future share consolidation.

On 30 July 2015, the Company announced that Digitek SMT Assemblies Limited ("Digitek"), a 64.12% subsidiary of the Company, received an order for a full turnkey manufacturing project,  from an Israeli developer and producer of advanced fleet management systems for a total consideration of NIS730,000 (US$192,000). The order was scheduled for delivery by the end of October 2015. At that time a third party had indicated its willingness to provide purchase order financing. However the Company has not been able to conclude these arrangements and is therefore unable to complete the order by the end of October. The Directors of the Company believe that completion of the order may still be possible if the necessary financing can be arranged.

Further enquiries:

PeerTV Plc

Eitan Yanuv, Chairman

Tel: +972 974 07315

ZAI Corporate Finance Limited

Tim Coffman / Richard Morrison

Tel: +44 20 7060 2220

Daniel Stewart & Company plc

David Coffman

Tel: +44 207 7766550