PTV Peertv

TIDMPTV

RNS Number : 9790J

PeerTV PLC

14 August 2012

14 August 2012

PeerTV PLC

("PeerTV" or "the Company")

Filing of lawsuit

PeerTV (AIM:PTV), a provider of technology solutions for the OTT (TV over the internet) market, and PCB (printed circuit board) production solutions, announces that Live Asia, a customer of PeerTV, has recently filed a claim in a Tel Aviv District Court against PeerTV PLC and PeerTV LTD.

Live Asia has filled the lawsuit while discussing a long and outstanding debt due to PeerTV by Live Asia and has alleged claims of support and warranty issues. The lawsuit and request for injunctions have been filed in Israeli judicial system which was not the agreed jurisdiction. Temporary injunctions submitted by Live Asia have been rejected by the Tel Aviv District Court.

We will update the market on the progress of these legal proceedings.

Further enquiries:

PeerTV Plc

Leon Nahon, Chairman +972 974 07315

Libertas Capital Corporate Finance Limited

Thilo Hoffmann/Andrew McLennan +44 (0) 20 7569 9650

Peterhouse Corporate Finance

Jon Levinson/Eran Zucker +44 (0) 20 7469 0932

Bishopsgate Communications

Nick Rome/Sam Allen +44 (0) 20 7562 3350

peertv@bishopsgatecommunications.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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