MEETING: HED: Annual General Meeting and Director Nominations

5 Jul 2010 12:13 pm

HED 05/07/2010 MEETING

REL: 1213 HRS Horizon Energy Distribution Limited

MEETING: HED: Annual General Meeting and Director Nominations

5 July 2010

Annual General Meeting and Director Nominations

The Annual General Meeting (AGM) of Horizon Energy Distribution Limited is to be held at 10.00am on 5 August 2010 at the Ohope Chartered Club, Bluett Road, Ohope.

The Company advises that the closing date for nominations of directors for election at the forthcoming AGM is 20 July 2010. All nominations must be received by 12 noon on the closing date. Nominations must be made by a security holder entitled to attend and vote at the AGM and should be addressed to - 'Director Nominations' c/- Company Secretary, Horizon Energy Distribution Limited, PO Box 281, Whakatane 3158.

Nominee Application: Any nominee will need to provide a brief biography (outlining relevant experience and qualifications) of no more than 200 words to accompany the resolution to be sent to shareholders. In addition, the nominee will need to provide details to enable the Board to determine whether that nominee, if elected as a Director, is an "Independent Director" as required under the NZX Listing Rules with which the Company must comply. Generally, a person in a "Disqualifying Relationship" (as that term is defined in the Listing Rules) cannot be considered to be an Independent Director. Also, a nominee cannot be a person who is disqualified under the Companies Act from being a director (see the Director Disqualification criteria attached).

For further details please contact:

Todd Campbell CHIEF FINANCIAL OFFICER COMPANY SECRETARY +64 7 306 2903 +64 21 278 1922

END End CA:00196940 For:HED Type:MEETING Time:2010-07-05:12:13:06

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