9 January 2018

Tern Plc (the 'Company')
Issue of Convertible Unsecured Loan Notes

Tern Plc (AIM: TERN), the investment company specialising in the Internet of Things ('IoT'), announces that it has issued the second tranche of Convertible Loan Notes totalling £550,000 pursuant to the Convertible Unsecured Loan Note facility, the terms of which were announced on 30 November 2017.

The Company will continue to allocate funds towards maintaining its current position in its portfolio companies and for general working capital. This second tranche of loan notes follows the additional loan made to Tern's portfolio company, Device Authority Limited ('DA'), as announced on 28 December 2017, and the decision to maintain the Company's 50% holding in InVMA Limited ('InVMA'), a key strategic partner for DA, as announced on 19 December 2017.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014

Enquiries

Tern Plc
Al Sisto/Sarah Payne 		via Redleaf

WH Ireland
(NOMAD and joint broker)
Mike Coe/Ed Allsopp

Tel: 0117 945 3470

Whitman Howard
(Joint broker)
Nick Lovering/Francis North

Tel: 020 7659 1234

Redleaf Communications
Elisabeth Cowell/ Fiona Norman/ Alina Haritonova

Tel: 020 7382 4730


This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq 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

Tern plc published this content on 09 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 09 January 2018 07:09:04 UTC.

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