SSH: HED: SSH Notice (Marlborough Lines Limited)

8 Jul 2010 2:08 pm

HED 08/07/2010 SSH

REL: 1408 HRS Horizon Energy Distribution Limited

SSH: HED: SSH Notice (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 287,985 shares or 1.15%, from 10.25% to 11.41% Date of relevant event: 8 July 2010 To: New Zealand Stock Exchange And: Horizon Energy Distribution Limited Date this disclosure made: 8 July 2010 Date last disclosure made: 30 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: 2,850,779 (b) total in class: 24,991,385 (c) total percentage held in class: 11.41%

For last 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%

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 39,185 shares at $4.06 subject to escalator, written acceptance received off market of 248,800 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: 2,850,779 (b) percentage held in class: 11.41% (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 SSH-Movement (11 41%).doc 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:00197089 For:HED Type:SSH Time:2010-07-08:14:08:28

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