TERN PLC

Share Issue/Capital Change • Jun 13, 2018

13-Jun-2018 / 12:46 GMT/BST

Dissemination of a RegulatoryAnnouncement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

13 June 2018

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

Statement re:Share Price Movement

Tern Plc (AIM:TERN), the investment company specialising in the Internet of Things ("IoT"), notes the recent con'nua'on of the rise in its share price and the Board confirms it knows of no reason for the price rise, save for the ongoing developments and collabora'ons previously announced.

As detailed in its por/olio announcement of 16 May 2018, the current aggregate balance sheet valua'on of Tern's investments is approximately £11 million. Following Tern's most recent fundraising on 14 May 2018, which raised £700,000 at a price of 18.5 pence per share, and the subsequent investment in FundamentalVR and loan to Device Authority, the cash posi'on ofTern as of 12 June 2018 is £1.49m.

Furtherannouncements will be made asand when required in accordance with the AIMRules.

Enquiries
Tern Plc Al Sisto/Sarah Payne	Via Redleaf Communica'ons
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 Communica&ons Elisabeth Cowell/Fiona Norman	Tel: 020 3757 6880

ISIN: GB00BFPMV798 Category Code:STR - Share Price Movement TIDM: TERN LEICode: 2138005F87SODHL9CQ36 Sequence No.: 5642 EQS News ID: 695039

End ofAnnouncementEQS News Service