Tern Plc : Issue of Equity

19 February 2016

Tern Plc

(AIM: TERN)

Placing raising £1,100,000 to fund further growth, shares in issue
Directors' dealings

Tern Plc (AIM:TERN), the investment company specialising in the cloud and mobile sectors, is pleased to announce it has raised £1,100,000 before expenses through a placing of 9,166,666 new ordinary shares of 0.02p each at a price of 12p per ordinary share ("the Placing").

The proceeds of the Placing will be used primarily to provide additional finance for the existing portfolio, particularly the opportunities for the continuing development of Cryptosoft Limited.

Each of Angus Forrest, Chairman, and directors Al Sisto and Bruce Leith, is investing £10,000 as part of the Placing.  Following Admission, the directors' shareholdings will be as follows:

	Investment	New shares issued	Total shareholding
Angus Forrest	£10,000	83,333	6,359,602
Bruce Leith	£10,000	83,333	6,257,233
Albert Sisto	£10,000	83,333	6,263,333

Application will be made for the 9,166,666 new ordinary shares to be admitted to AIM and it is expected that admission will take place and trading in the new ordinary shares will commence on 25 February 2016.

On completion of the Placing and following Admission of the new ordinary shares, the enlarged issued share capital will be 71,922,235 Ordinary Shares of 0.02p each.  The Company does not hold any shares in Treasury.  The above figure may be used by shareholders as the denominator for the calculations to determine if they are required to notify their interest in, or a change to their interest in the Company, under the Disclosure and Transparency Rules.

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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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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