13 March 2018

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

Update on Strategic Partnership

Tern Plc (AIM:TERN), the investment company specialising in the Internet of Things ("IoT"), announces that Device Authority ("DA"), the IoT security business in which Tern has a 56.8% shareholding, has today confirmed that Larsen & Toubro Infotech Limited ("LTI") is the party with whom DA entered into a strategic partnership and which was referred to in Tern's Portfolio Update announcement of 24 January 2018.

LTI (NSE:LTI) is a global technology consulting and digital solutions company with over 250 clients, for which DA will provide security solutions for LTI enterprise customers, pivoting towards IoT.

To view the DA announcement, please follow this link: http://info.deviceauthority.com/lti-strategic-partnership

Tern CEO, Al Sisto said:

"We are pleased to finally reveal the identity of DA's strategic partner, which represents a significant digital solutions player. DA's KeyScaler product continues to gain traction with blue chip brands due to its ability to deliver trust, control and compliance for Chief Information Security Officers."

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