Tern PLC: Statement re: Share Price Movement

8 June 2018

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

Statement re: Share Price Movement

Tern Plc (AIM: TERN), the investment company specialising in the Internet of Things ("IoT"), notes the speculation regarding a new product solution between Thales Group and Device Authority ("DA"), the IoT security business in which Tern has a 56.8% holding.

Tern understands that DA is in discussions with Thales Group regarding a new product solution but these discussions are yet to be concluded and no official launch has been made. 

Further announcements will be made as and when appropriate.

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

**ENDS**

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