TERN PLC

Board/Management Information • Apr 1, 2020

Tern PLC (TERN) 31-March-2020 / 07:00 GMT/BST Dissemination of a RegulatoryAnnouncement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

31March 2020

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

Tern Plc(AIM:TERN), the investment company specialising in the Internet of Things ("IoT"), is pleased to announce the appointment of Ma&hew Scherbaas Investment Director with immediate effect. Ma&hew originally joined Tern in December 2019 in a non-Main Board capacity.

Ma&hew has 25 years of start-up and scale-up experience specialising in workingand inves4ng in technology companies across the IoT industry, his experience covers the full company lifecycle development, from start-up to exit, with a focus on strategy and commercial scale across both the private and publicsector markets. Prior to joining Tern, he spent almost five years at a UK venture capital investment company dedicated to the IoTarena. During this 4me, he helped originate, invest and support the development of disrup4ve technology companies in the UK, Europe and the US, and par4cularly within ar4ficial intelligence (AI) and machine learning. Addi4onally, he held board posi4ons on several por8olio companies,and worked with management teams to help develop their strategic, commercial and opera4onal func4ons.

Al Sisto, CEO of Tern, said:

"With 25 years of experience working with or inves4ngin technology companies, Ma&hew will be a highly valuable addi4on to our Board. He has already made asignificant contribu4on since joining our company at the end of 2019 and we look forward to benefi;ng from his experience ata Board level. As Investment Director, he will help us to expand our support to our por8olio companies, iden4fy commercial businesses and new opportuni4es in this high growth industryand further develop our investment strategy."

Mahew PeterScherba (aged 53)

In accordance with Schedule 2(g) of the AIM Rules, Ma&hew Scherba holds, or has held in the past five years, the following directorships and partnerships:

Current Past five years

Plancentric Global Limited Peafowl Solar Power AB Foodmarble Diges4ve Health Limited (UK) InVMA Limited

Tx3 Solu4ons Limited Wearable Technologies Limited Talepathy Limited Plancentric Limited Foodmarble Diges4ve Health Limited (Ireland)

MrScherbaand his family members are beneficially interested in atotal of 716,000 ¹ ordinary shares of 0.02p in Tern ("Ordinary Shares"), which is equivalent to 0.25% of the Company'svo4ngrights.

¹Mr Scherba is beneficially interested in 325,000 Ordinary Shares and his family members are beneficially interested in thefollowing Ordinary Shares: L Gennard, 325,000 Ordinary Shares, L Scherba, 33,000 Ordinary Shares and SScherba, 33,000 Ordinary Shares.

Enquiries

Tern Plc Al Sisto/Sarah Payne	via Newgate Communica4ons
Allenby Capital Limited (Nomad and Joint broker) David Worlidge/Alex Brearley/Guy McDougall	Tel: 0203 328 5656
Whitman Howard (Joint broker) Nick Lovering/ChristopherFurness	Tel: 020 7659 1234

Newgate Communica-ons Elisabeth Cowell/Megan Kovach Tel: 020 3757 6880

TIDM: TERN LEICode: 2138005F87SODHL9CQ36 Sequence No.: 55537 EQS News ID: 1011119

End ofAnnouncementEQS News Service