1 December 2020

Tern Plc (the "Company")

Total Voting Rights 

Following the issue of new ordinary shares of 0.02p each in the Company ("Ordinary Shares") pursuant to the fundraising announced on 13 November 2020, the Company is today providing a confirmation regarding its voting rights, in line with section DTR 5.6.1 of the FCA's Disclosure Guidance and Transparency Rules sourcebook.

As of the date of this announcement, the Company's issued ordinary share capital consists of 330,338,101 Ordinary Shares, with one voting right per Ordinary Share. The Company does not hold any Ordinary Shares in Treasury.  Therefore, the total number of Ordinary Shares and voting rights in the Company is 330,338,101.  

The above figure may be used by shareholders in the Company 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 share capital of the Company, under the FCA's Disclosure Guidance and Transparency Rules.

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