SSH: HED: SSH (Marlborough Lines Limited)

15 Jun 2010 12:02 pm

HED 15/06/2010 SSH

REL: 1201 HRS Horizon Energy Distribution Limited

SSH: HED: SSH (Marlborough Lines Limited)

Disclosure of beginning to have substantial holding Section 22, Securities Markets Act 1988 To: New Zealand Stock Exchange And: Horizon Energy Distribution Limited

Date this disclosure made: 15 June 2010 Substantial security holder(s) giving disclosure Name(s): Marlborough Lines Limited Contact details: Geoff Hoare, Company Secretary, 03 577 7007 Date on which substantial security holder(s) began to have substantial holding: 15 June 2010 Summary of substantial holding to which disclosure relates Class of listed voting securities: Ordinary shares

Summary for: Marlborough Lines Limited For this disclosure,-- (a) total number held in class: 1,552,448 (b) total in class: 24,991,385 (c) total percentage held in class: 6.21%

Details of relevant interests currently in substantial holding Details for: Marlborough Lines Limited Nature of relevant interest(s): Beneficial owner of securities, pending settlement For that relevant interest,-- (a) number held in class: 1,552,448 (b) percentage held in class: 6.21% (c) current registered holder(s) of securities: Yet to be registered in Marlborough Lines Limited's name (d) registered holder(s) of securities once transfers registered: Marlborough Lines Limited Details of transactions and events giving rise to person beginning to have substantial holding

Details of the transactions or other events requiring disclosure under the instructions to this form: Unconditional on market purchase of 1,128,906 shares at $4.15 subject to escalator, unconditional on market purchase of 6,500 shares at $4.15 not subject to escalator, written acceptance received for off market offer of 417,042 shares at $4.15

Additional information Nature of connection between substantial security holders: n/a Address(es) of substantial security holder(s): 1 Alfred Street, Blenheim 7201, New Zealand Name of any other person believed to have given, or believed to be required to give, a disclosure under the Act in relation to the securities to which this disclosure relates: n/a

Declaration I, Geoff Hoare, declare that, to the best of my knowledge and belief, the information contained in this disclosure is correct and that I am duly authorised to make this disclosure by all persons for whom it is made. End CA:00196119 For:HED Type:SSH Time:2010-06-15:12:02:03

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