Tern Plc : Directors' dealings, fund raising, shares in issue

5 November 2013

Tern Plc

(AIM: TERN)

Directors' dealings, fund raising, shares in issue

The Company is pleased to announce that Michael Clark and Angus Forrest have each converted £10,987.20 of Convertible Loanstock into 545,000 Shares under the terms of the Loanstock detailed in the Circular of 31 July 2013.

A further 785,750 new ordinary shares of 0.02p each have been issued to investors at a price of 0.325p per share.

Application has been made for the 1,875,000 new ordinary shares to be admitted to AiM and it is expected that dealings will commence with effect from Thursday 7 November 2013.

As at the date of this announcement the issued share capital is 10,891,700 Ordinary Shares of 0.02p and each share is entitled to one vote.  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.