Statement re Grant of Options and directors int...

Tern Plc

(the "Company" or "Tern")

Tern, the investment company specialising in the cloud and mobile sectors, announces that it has today granted options to subscribe for 500,000 new ordinary shares at an exercise price of 9.0p per ordinary share to each of its directors. The options are exercisable in whole or in part at any time during the next seven years .

The directors' interests in the Company's share capital are now as follows:

Director	Ordinary shares of 0.02p	%	Loan notes £	Conversion price	Convertible loan notes £	Conversion price	Options	Exercise price
Michael Clark	4,216,289	9.3	50,000	1.25p	15,000	2.016p	500,000	9.0p
Angus Forrest	4,216,289	9.3	50,000	1.25p	15,000	2.016p	500,000	9.0p
Bruce Leith	2,173,900	4.8	50,000	1.25p	-	-	500,000	9.0p
Al Sisto	2,400,000	5.3	120,000	1.25p	-	-	500,000	9.0p
Lawrence Reed	-	-	-	-	-	-	500,000	9.0p

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    
               
Redleaf Polhill   Tel. [phone]
Charlie Geller    

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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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