Tern PLC: Result of Annual General Meeting

8 June 2020

Tern Plc (the 'Company', or the 'Group')

Result of Annual General Meeting

Tern Plc (AIM: TERN), the investment company specialising in the Internet of Things ('IoT'), announces that at the Annual General Meeting of the Company held earlier today all resolutions were passed. A poll was held for each resolution and the proxy votes received from shareholders on each resolution are set out below.

Resolution	Votes for*	%	Votes against	%	Votes total	Votes withheld**
Resolution 1	26,411,094	93.6%	1,797,156	6.4%	28,208,250	22,706
Resolution 2	28,181,376	99.9%	22,706	0.1%	28,204,082	26,874
Resolution 3	26,074,967	92.4%	2,155,989	7.6%	28,230,956	0
Resolution 4	28,054,314	99.4%	176,642	0.6%	28,230,956	0
Resolution 5	25,158,399	92.6%	2,000,672	7.4%	27,159,071	1,071,885
Resolution 6	25,158,399	92.6%	2,000,672	7.4%	27,159,071	1,071,885
Resolution 7	28,203,832	99.9%	27,124	0.1%	28,230,956	0

*Includes those votes giving the Chairman discretion

**A vote 'withheld' is not a vote in law and is not counted towards the votes cast 'for' or 'against' a resolution

Enquiries

Tern Plc Al Sisto/Sarah Payne	via Newgate Communications
Allenby Capital (Nomad and joint broker) David Worlidge/Alex Brearley	Tel: [phone]
Whitman Howard (Joint broker) Nick Lovering/Christopher Furness	Tel: [phone]
Newgate Communications Elisabeth Cowell/Megan Kovach	Tel: [phone]