TERN PLC

Regulatory Filings • Jan 14, 2020

Tern PLC (TERN) 13-Jan-2020 / 07:00 GMT/BST Dissemination of a RegulatoryAnnouncement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

Thisannouncement contains inside informaon for the purposes of Arcle 7 ofEU Regulaon 596/2014.

13 January 2020

Tern Plc("Tern" or the "Company")

Significantcommercial order for InVMA

Tern Plc (AIM: TERN), the investment company specialising in the Internet of Things ("IoT"), is pleased to announce that its por0olio company, InVMA Limited ("InVMA"), has secured an inial ordercommitment worth £817,000 overatwo-year period to provide its AssetMinder(R) soluon to aglobal, mul-billion Euro revenue supplier to the industrial and construcon sectors (the "Supplier").

This represents the start of a global partnership between the Supplier and InVMA, which will see AssetMinder(R) deployed into the Industrial Internet of Things ("IIoT") sector. InVMA will enable the Supplier to deliver acondion-monitoring offering for the smart manufacturing and process industries, IIoTsensor,and otherasset management that incorporates predicve analycs to maximise upme and producvity.

InVMA Chairman and Tern director, Bruce Leith, said,

"We believe that InVMA is a pioneer in the digital transformaon arena and this order commitment highlights the level of acceptance that its AssetMinder(R) soluon hasgained within the industry. This is a significant strategic relaonship and provides a foundaon to expand the capabilies of the Supplier's IIoT product por0olio. As a major shareholder in InVMA, we look forward to benefi@ng from the value that this contract should create within this excinginvestment."

Tern has a 50% equity ownership of InVMA. Tern's investment in InVMA was valued at £1 million in the Company's unaudited interim results for the six months to 30 June 2019.

**ENDS**

Enquiries
Tern plc Al Sisto, CEO Sarah Payne,Finance Director	Via Newgate Communicaons
Allenby Capital Limited (Nomad and Joint broker) David Worlidge/Alex Brearley	Tel: 0203 328 5656
Whitman Howard (Joint broker) Nick Lovering/ChristopherFurness	Tel: 020 7659 1234
Newgate Communica,ons PR Elisabeth Cowell/Megan Kovach	Tel: 020 3757 6880

ISIN: GB00BFPMV798 Category Code:MSCM TIDM: TERN LEICode: 2138005F87SODHL9CQ36 Sequence No.: 39993 EQS News ID: 951525

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