Extension of Loan Facility Term

Tern Plc (AIM:TERN), the investment company specialising in supporting high growth, early-stage, disruptive Internet of Things ("IoT") technology businesses, announces that in order to assist with the preservation of the Company's cash resources and to enable the Company to have greater negotiating flexibility in relation to the possible capital requirements of its investments, the repayment date of the loan facility agreement originally announced on 12 June 2023 (the "Loan") and subsequently varied, as announced on 4 September 2024, has, following approval by the Loan provider, been extended from 15 September 2025 to 5 March 2026.

Approximately £150,000 remains outstanding under the Loan and this amount plus accrued interest at a rate of 1.00% per calendar month will be repayable by the Company on or before 5 March 2026.