TERN PLC

M&A Activity • Mar 13, 2018

13-March-2018 / 07:00 GMT/BST

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13 March 2018

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

Update on Strategic Partnership

Tern Plc (AIM:TERN), the investment company specialising in the Internet of Things ("IoT"), announces that Device Authority ("DA"), the IoT security business in which Tern has a 56.8% shareholding, has today confirmed that Larsen & Toubro Infotech Limited ("LTI") is the party with whom DA entered into a strategic partnership and which was referred to in Tern's Portfolio Update announcement of 24 January 2018.

LTI (NSE:LTI) is a global technology consulting and digital solutions company with over 250 clients, for which DA will provide security solutions for LTI enterprise customers, pivoting towards IoT.

To view the DA announcement, please follow this link: http://info.deviceauthority.com/lti-strategic-partnership

Tern CEO, Al Sisto said:

"We are pleased to finally reveal the identity of DA's strategic partner, which represents a significant digital solutions player. DA's KeyScaler product continues to gain traction with blue chip brands due to its ability to delivertrust, control and compliance for Chief Information Security Officers."

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Enquiries

Tern Plc Al Sisto/Sarah Payne	via Redleaf Communications
WH Ireland (NOMAD and joint broker) Mike Coe/EdAllsopp	Tel: 0117 945 3470
Whitman Howard	Tel: 020 7659 1234

(Joint broker) Nick Lovering/Francis North

Redleaf Communications Elisabeth Cowell/Fiona Norman Tel: 020 3757 6880

ISIN: GB00BFPMV798 Category Code:MSCH TIDM: TERN Sequence No.: 5290

End ofAnnouncementEQS News Service