Statement re Investments

21 July 2016

Tern Plc

(AIM: TERN)

Update on investments

Tern Plc (AIM:TERN), the investment company specialising in the cloud and mobile sectors, is pleased to announce that the two business units acquired from Flexiant  Limited for £75,000 are well advanced with significant changes being implemented to improve performance. 

Trading has recommenced and to date over £90,000 has been collected from debtors.  Further updates will be made in due course.

Enquiries:

Tern plc	Tel: [phone]
Angus Forrest
WH Ireland NOMAD and Broker	Tel: [phone]
John Wakefield / Ed Allsopp
Peterhouse Corporate Finance (Joint broker)	Tel: [phone]
Lucy Williams / Duncan Vasey

About Tern:

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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