Tern Plc : AGM Statement

17 March 2016

Tern plc
("Tern" or" the Company")

At the Annual General Meeting of Tern plc, to be held today, Angus Forrest, Chairman, will make the following statement:

"Since the publication of the annual results for the year ended 31 December 2015, we have raised  £1.1 million in a placing despite the uncertainty surrounding capital markets for investment in accordance with our Investing policy.

The Company and its portfolio have continued to make progress towards achieving the agreed objectives, primarily increasing commercialisation and monetisation of the assets.  We look forward to making further announcements."

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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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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