Tern Regulatory News (TERN)

29 November 2023

Tern Plc

("Tern" or the "Company")

Konektio? update

Further to the Company's announcement on 8 November 2023, Tern Plc (AIM:TERN), the investment company specialising in supporting high growth, early-stage, disruptive Internet of Things ("IoT") technology businesses, provides an update in relation to its holding in InVMA Limited, which trades as KonektioTM ("Konektio").

Tern confirms that 75% of Tern's holding in Konektio has now been transferred to a valueless class of Konektio deferred shares, as was described in the Company's announcements of 8 November 2023 and 21 November 2023. Additionally, Bruce Leith has stepped down from the board of Konektio as Tern's representative.

Tern will provide a further update in relation to its holding in Konektio at the appropriate time.

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