Statement re settlement of legal action

7 October 2015

Tern Plc

(AIM: TERN)

Settlement of legal action

Tern Plc ("Tern" or "the Company"), the AIM quoted investment company specialising in the cloud and mobile sector of the IT market, is pleased to announce that it has  succeeded in a claim which was outstanding prior to  its reorganisation in August 2013.  The terms of the settlement are as follows:

Tern has received payment of its claim in full of £37,500 and awaits finalisation and payment of the legal costs and expenses it incurred in prosecuting this recovery.  The settlement will be accounted for as an extraordinary credit in the accounts of Tern. 

Enquiries

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.

---

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

HUG#1957147