PeerTV PLC
("PeerTV" or "the Company")

First and second closing of placing

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

The Company is raising up to £750,000 (before expenses) through a placing of up to 9,090,909 new ordinary shares placed at a  price of 8.25 pence per share. Each new share has 0.9 three year warrant to purchase an ordinary share at 9.25 pence per share  attached, for a maximum total of approximately 8,181,818 warrants at full subscription. The shares and attached warrants are placed with private investors. A total of approximately £590,000 has been received by the placing agent so far and closings of £387,750 have been effected on 6 August and 12 August.

Leon Nahon, Chairman, comments:

"We are delighted to have raised further funds to improve our working capital. This placing is the continuation of the effort of  management to improve the working capital situation which began with a small placing in January."

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