TERN PLC

Capital/Financing Update • Apr 5, 2018

05-Apr-2018 / 09:58 GMT/BST

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5 April 2018

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

Update on Device Authority loan

Tern Plc (AIM: TERN), the investment company specialising in the Internet of Things ("IoT"), confirms that the maturity date of the first convertible secured loan provided to DeviceAuthority ("DA") by its shareholders, as announced on 30 November 2017, has been extended from 31 March 2018 to 30 June 2018 to bring it in line with the subsequent loan facility announced on 28 December 2017.

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 (Joint broker) Nick Lovering/Francis North	Tel: 020 7659 1234
Redleaf Communications Elisabeth Cowell/Fiona Norman	Tel: 020 3757 6880

ISIN: GB00BFPMV798 Category Code:MSCH TIDM: TERN LEICode: 2138005F87SODHL9CQ36 Sequence No.: 5367

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