SSH: HED: SSH (Marlborough Lines Limited )

1 Jul 2010 11:23 am

HED 01/07/2010 SSH

REL: 1123 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 253,711 shares or 1.01%, from 9.24% to 10.25% Date of relevant event: 30 June 2010 To: New Zealand Stock Exchange And: Horizon Energy Distribution Limited Date this disclosure made: 30 June 2010 Date last disclosure made: 17 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: 2,562,794 (b) total in class: 24,991,385 (c) total percentage held in class: 10.25% For last 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% 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 4,383 shares at an average price of $4.03 not subject to escalator, Unconditional on market purchase of 137,245 shares at $4.06 subject to escalator, written acceptance received off market of 112,083 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: 2,562,794 (b) percentage held in class: 10.25% (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 SSH-Movement (10 24%).doc 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:00196800 For:HED Type:SSH Time:2010-07-01:11:23:06

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