PTV.L Regulatory News (PTV)

18 October 2012

PeerTV PLC

("PeerTV" or "the Company")

Placing and Issue of equity

PeerTV (AIM:PTV), a provider of technology solutions for the OTT (TV over the internet) market and PCB (printed circuit board) production solutions, announces a successful placing an the issue of new ordinary shares.

Placing

The Company has raised £663,500 (before expenses), £505,800 (net of expenses) through a placing of 8,042,424 new ordinary shares placed at a price of 8.25 pence per share. Each investors also receives a number of three year warrants to purchase ordinary shares at 9.25 pence per share equivalent to their investment divided by the warrant exercise price of 9.25 pence. The shares and attached warrants were placed with private investors. The placing remains open and up to a further 1,048,485 shares may be issued under the placing.

Issue of Equity

In total the Company issued 12,142,842 new ordinary shares,following the above mentioned placing for cash, a second closing of the placing announced in January, the late acceptances of Digitek shares, the conversion of certain outstanding liabilities into equity and certain contractual obligations to issue shares in lieu of interest payments.

Of the 12,142,842 shares, 8,042,424 were issued following a first closing of a current placing and 1,691,666 were issued following a second closing of the fundraising announced on 23 January 2012.

A further 704,556 shares were issued to Israeli shareholders of Digitek, PeerTV's PCB manufacturing subsidiary, who had accepted the offer.

Advisers who converted outstanding fees were issued 758,474 shares.

Lastly, 945,722 shares were issued to Loan Note Holders in lieu of interest payments and restructuring fees accrued during the first 9 months of 2012.

Save for the 8,042,424 shares issued under the current placing, all other obligations or commitments to issue shares accrued under the authorities granted to directors at the last shareholder meeting in 2011.

Application will be made for the 12,142,842 shares to be admitted to trading on AIM. Admission of the shares to trading on AIM is expected on 26 October 2012.

Following the issue of the 12,142,842 new ordinary shares, the total number of ordinary shares in issue is 57,603,975. The above figure of 57,603,975 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in or a change to their interest in the share capital of the Company under the Financial Service Authority's Disclosure and Transparency Rules.

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