Holdings in Company

Tern PLC (TERN) Tern PLC: Holdings in Company 19-Apr-2018 / 17:02 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. TR-1: Standard form for notification of major holdings   NOTIFICATION OF MAJOR HOLDINGS   1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: Tern Plc 1b. Please indicate if the issuer is a non-UK issuer  (please mark with an "X" if appropriate)     2. Reason for the notification (please mark the appropriate box or boxes with an "X") An acquisition or disposal of voting rights X An acquisition or disposal of financial instruments   An event changing the breakdown of voting rights   Other (please specify)iii:   3. Details of person subject to the notification obligationiv Name City Financial Investment Company Limited, acting as Investment Manager and Authorised Corporate Director. City and country of registered office (if applicable) London, United Kingdom 4. Full name of shareholder(s) (if different from 3.)v Name BNY Mellon Trust & Depositary, acting as Trustee. City and country of registered office (if applicable) London, United Kingdom 5. Date on which the threshold was crossed or reachedvi: 17/04/2018 6. Date on which issuer notified (DD/MM/YYYY): 19/04/2018 7. Total positions of person(s) subject to the notification obligation   % of voting rights attached to shares (total of 8. A) % of voting rights through financial instruments (total of 8.B 1 + 8.B 2) Total of both in % (8.A + 8.B) Total number of voting rights of issuervii Resulting situation on the date on which threshold was crossed or reached 0 0 0 0 Position of previous notification (if applicable) 4.99 0 4.99                   8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii A: Voting rights attached to shares Class/type of shares ISIN code (if possible) Number of voting rightsix % of voting rights Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) GB00BFPMV798 0 0 0 0                     SUBTOTAL 8. A 0 0     B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) Type of financial instrument Expiration datex Exercise/ Conversion Periodxi Number of voting rights that may be acquired if the instrument is exercised/converted. % of voting rights                                   SUBTOTAL 8. B 1         B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) Type of financial instrument Expiration datex Exercise/ Conversion Period xi Physical or cash settlementxii Number of voting rights % of voting rights                                           SUBTOTAL 8.B.2                                 9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X") Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii X Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)   Namexv % of voting rights if it equals or is higher than the notifiable threshold % of voting rights through financial instruments if it equals or is higher than the notifiable threshold Total of both if it equals or is higher than the notifiable threshold                                           10. In case of proxy voting, please identify: Name of the proxy holder NA The number and % of voting rights held NA The date until which the voting rights will be held NA   11. Additional informationxvi               Place of completion City Financial Investment Company Limited, London Date of completion 19/04/2018 Â

ISIN:	GB00BFPMV798
Category Code:	MSCM
TIDM:	TERN
LEI Code:	2138005F87SODHL9CQ36
Sequence No.:	5432

Â
End of Announcement	EQS News Service

676759  19-Apr-2018