SSH: HED: SSH (Marlborough Lines Limited)

17 Jun 2010 1:52 pm

HED 17/06/2010 SSH

REL: 1352 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 273,454 shares or 1.09%, from 8.15% to 9.24% Date of relevant event: 17 June 2010 To: New Zealand Stock Exchange And: Horizon Energy Distribution Limited Date this disclosure made: 17 June 2010 Date last disclosure made: 16 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: 2,309,083 (b) total in class: 24,991,385 (c) total percentage held in class: 9.24% For last 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% 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 32,777 shares at $4.06 subject to escalator, written acceptance received off market of 240,677 shares at $4.06 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: 2,309,083 (b) percentage held in class: 9.24% (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 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:00196219 For:HED Type:SSH Time:2010-06-17:13:52:49

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