SSH: HED: Disclosure of movement of 1% or more in substantial holding

26 Jul 2010 3:26 pm

HED 26/07/2010 SSH

REL: 1526 HRS Horizon Energy Distribution Limited

SSH: HED: Disclosure of movement of 1% or more in substantial holding

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 273,223 shares or 1.09%, from 11.41% to 12.50%

Date of relevant event: 26 July 2010

To: New Zealand Stock Exchange

And: Horizon Energy Distribution Limited

Date this disclosure made: 26 July 2010 Date last disclosure made: 8 July 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: 3,124,002 (b) total in class: 24,991,385 (c) total percentage held in class: 12.50% For last 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%

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: Written acceptance received off market of 273,223 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: 3,124,002 (b) percentage held in class: 12.50% (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:00197634 For:HED Type:SSH Time:2010-07-26:15:26:18

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