Statement re Grant of Options

                                                                                                                                                                24 February 2016

Tern Plc

(the "Company" or "Tern")

Award of Options

Tern, the investing company specialising in the cloud and mobile sectors, announces that it has today granted options to subscribe for 250,000 new ordinary shares at an exercise price of 13.0p per ordinary share to Alan Howarth, non-executive Director, who has been a director for three months.  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    
               
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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