Statement re Announcement of 17 August 2015

4 September 2015

Tern Plc

(AIM: TERN)

Confirmation of Announcement of 17 August 2015

Tern Plc ("Tern" or "the Company"), the AIM quoted investment company specialising in the cloud and mobile sector of the IT market, confirms that the 588,640 warrants exercised on 17 August 2015 were validly exercised at 0.02p per share in accordance with the terms under which the warrants were granted on 31 July 2013.

Enquiries

Tern plc                                                                                  Tel: [phone]
Angus Forrest

WH Ireland                                                                            Tel: [phone]
John Wakefield

Peterhouse Corporate Finance (Joint broker)                  Tel. [phone]

Lucy Williams / Duncan Vasey

Tern Plc acquires and invests in privately owned companies with self-owned IP, established products and customer bases. Its investment strategy is focused on taking an active role in its investee companies in order to improve the business model, accelerate growth, expand the business globally, and identify exit opportunities.

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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Tern Plc via Globenewswire

HUG#1949965