Tern PLC: Significant commercial order for InVMA

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

13 January 2020

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

Significant commercial order for InVMA

Tern Plc (AIM: TERN), the investment company specialising in the Internet of Things ('IoT'), is pleased to announce thatits portfolio company, InVMALimited ('InVMA'), has secured an initial order commitment worth £817,000over atwo-year period to provide its AssetMinder(R)solution to a global, multi-billion Euro revenue supplier to the industrial and construction sectors (the 'Supplier').

This represents the start of a global partnership between the Supplier and InVMA,which will see AssetMinder(R)deployedinto the Industrial Internet of Things ('IIoT')sector. InVMA will enable the Supplier to deliver a condition-monitoring offering for the smart manufacturingand process industries, IIoTsensor,and otherasset management that incorporates predictive analytics to maximiseuptimeand productivity.

InVMA Chairman and Tern director, Bruce Leith, said,

'We believe that InVMAis a pioneer in the digital transformation arena and this order commitmenthighlights the level of acceptance that its AssetMinder(R)solution has gained within the industry. This is a significant strategic relationship and provides a foundation to expand the capabilities of theSupplier's IIoTproduct portfolio. As a major shareholder in InVMA, we look forward to benefitting from the value that this contract shouldcreate within this exciting investment.'

Tern has a 50% equity ownership of InVMA. Tern's investment in InVMAwas valued at £1 million in the Company's unaudited interim results for the six months to 30 June 2019.

**ENDS**

Enquiries

Tern plc Al Sisto, CEO Sarah Payne, Finance Director	Via Newgate Communications
Allenby Capital Limited (Nomad and Joint broker) David Worlidge/Alex Brearley	Tel: [phone]
Whitman Howard (Joint broker) Nick Lovering/Christopher Furness	Tel: [phone]
Newgate Communications PR Elisabeth Cowell/Megan Kovach	Tel: [phone]