SSH: HED: SSH (Marlborough Lines Limited)

16 Jun 2010 2:07 pm

HED 16/06/2010 SSH

REL: 1407 HRS Horizon Energy Distribution Limited

SSH: HED: SSH (Marlborough Lines Limited)

Disclosure of movement of 1% or more in substantial holding or change in nature of relevant interest or both Sections 23 and 24, Securities Markets Act 1988 Relevant event being disclosed: Increase in holding by 483,181 shares or 1.93%, from 6.21% to 8.15% Date of relevant event: 16 June 2010 To: New Zealand Stock Exchange And: Horizon Energy Distribution Limited Date this disclosure made: 16 June 2010 Date last 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 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: 2,035,629 (b) total in class: 24,991,385 (c) total percentage held in class: 8.15% For last 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 transactions and events giving rise to relevant event Details of the transactions or other events requiring disclosure under the instructions to this form: Unconditional on market purchase of 96,588 shares at $4.15 subject to escalator, unconditional on market purchase of 414,542 shares at $4.06 subject to escalator, written acceptance received for off market of 387,243 shares at $4.06 A reduction in written acceptances received off market of 415,192 shares acquired at $4.15 (of which, 413,992 shares subsequently acquired on market today at $4.06 subject to escalator) Details of relevant interests in substantial holding after relevant event 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: 2,035,629 (b) percentage held in class: 8.15% (c) current registered holder(s) of securities: Yet to be registered in Marlborough Lines Limited's name SSH-Movement (8 15%) 16Jun10.doc (d) registered holder(s) of securities once transfers registered: Marlborough Lines Limited 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:00196172 For:HED Type:SSH Time:2010-06-16:14:07:30

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