Tern Plc : Issue of Equity

Tern Plc
(the "Company" or "Tern")

Exercise of warrants

Tern, the investment company specialising in the cloud and mobile sectors, announces that it has issued and allotted 22,010 Ordinary Shares of 0.02 pence each ("Ordinary Shares") pursuant to the exercise of 22,010 share warrants exercisable at 3 pence per share.

Application has been made for the 22,010 new ordinary shares to be admitted to trading on AIM and it is expected that admission will take place on or around 8:00 a.m. on 27 August 2015 ("Admission").

In accordance with the Disclosure and Transparency Rules (DTR 5.6.1R) the Company hereby notifies the market that immediately following Admission its issued share capital will consist of 55,171,522 ordinary shares of 0.02 pence each.  The Company does not hold any shares in treasury.  Shareholders may use these figures as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

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

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

HUG#1946827