TERN PLC

Net Asset Value • Apr 5, 2018

National Storage Mechanism | Additional information

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Tern PLC (TERN)

Tern PLC: Update on Device Authority loan

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

Dissemination of a Regulatory Announcement, transmitted by EQS Group.

The issuer is solely responsible for the content of this announcement.

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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 Device Authority ("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/Ed Allsopp	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

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

End of Announcement	EQS News Service

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671639  05-Apr-2018