Tern Plc : Change of Adviser

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

Change of Auditor

29 November 2016

Tern Plc (AIM:TERN), the AIM-quoted company specialising in cloud and Internet of Things ("IoT"),  announces that, following the conclusion of a formal tender process, it has appointed Grant Thornton LLP as auditors to the Company.

Grant Thornton LLP will conduct the audit of the Company's accounts for the year to 31 December 2016 following the resignation of Jeffreys Henry LLP as auditors.  Jeffreys Henry LLP confirmed to the Company that there are no circumstances connected with their resignation which they consider should be brought to the attention of the shareholders.  The Board also confirms that there are no circumstances in respect of the change of auditor that need to be brought to the attention of the shareholders.

Enquiries:

Tern plc  Angus Forrest / Al Sisto	Tel: [phone]
WH Ireland   (NOMAD and broker)	Tel: [phone]
Mike Coe / Ed Allsopp
Peterhouse Corporate Finance  (Joint broker)	Tel: [phone]
Lucy Williams / Duncan Vasey
Whitman Howard  (Joint broker)  Nick Lovering / Francis North	Tel: [phone]

About Tern: 

Tern Plc acquires and invests in privately owned companies with 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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Source: Tern Plc via Globenewswire