Statement re Grant of Options

                                                                                                                                                                29 October 2015

Tern Plc

(the "Company" or "Tern")

Award of Options

Tern, the investing company specialising in the cloud and mobile sectors, announces that it has granted options to subscribe for 500,000 new ordinary shares at an exercise price of 15.25 pence per ordinary share to Sarah Payne, Finance Director, who has completed her probationary period.  The options are exercisable in whole or in part at any time during the next seven years.

Enquiries:
                 
Tern plc                                                                                                                                                               Tel: [phone]
Angus Forrest   

WH Ireland NOMAD and Broker                                                                                                                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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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
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

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