Horizon Chairman Comments On Shareholder Approach

It has been brought to our attention that a company called Zero Commission NZ Ltd has written to some Horizon Energy Distribution Limited (“Horizon”) shareholders with a conditional offer to buy Horizon shares for $3.07 per share.

The Horizon Board does not endorse this offer.

The last share trade on 8 January 2012 was at a price of $3.40 per share.

9 January, 2012 - 17:12

Horizon Energy Distribution Limited releases 2011 Interim Report

Attached is the Horizon Energy Distribution Limited 2011 Interim Report for the six months ended 30 September 2011.

16 December, 2011 - 15:11

Horizon Energy Announces Six Month Result

Attached is the Horizon Energy announcement for the six month result together with relevant attachments.

11 November, 2011 - 17:32

Chairman's Address to Horizon Energy's 17th Annual Shareholders Meeting

Attached is the Chairman's Address to Horizon Energy's 17th Annual Shareholders Meeting held on 11 August 2011.

11 August, 2011 - 18:31

Director Independence and Results of 2011 Annual Meeting

Attached is the Director Independence and Results of the 2011 Annual Meeting.

11 August, 2011 - 18:23

HORIZON ENERGY CONCERNED ABOUT THE IMPACT OF THE COMMISSION’S

Whakatane based Electricity Distribution Business, Horizon Energy Distribution Limited (‘Horizon Energy’), has reviewed the Commerce Commission’s (‘Commission’) 19 July 2011 draft decisions paper on the 2010-2015 Default Price-Quality Path for Electricity Distribution. It is apparent that the decisions if enacted in the present form will reduce Horizon Energy’s revenue from 1 April 2012 by approximately $1.4M. (Refer to attached document).

26 July, 2011 - 17:50

HORIZON ENERGY CONSIDERS COMMISSION'S PROPOSED ADJUSTMENTS TO PRICES FOR ELECTRICITY DISTRIBUTION SERVICES

Today the Commerce Commission issued a draft decision to reset regulatory controls for 16 electricity distribution businesses from 2012-2015. The proposed reset would implement new regulatory rules and processes – called input methodologies – set by the Commission in December 2010 and result in price adjustments.

Horizon Energy will review the draft decision and all supporting documentation to determine the likely impact on the Company. Horizon Energy will advise the market of the Company’s response once we have fully considered the proposed determination.

19 July, 2011 - 18:08

Horizon Energy Distribution Limited 2011 Annual Report

View Horizon Energy Distribution Limited's 2011 Annual Report

29 June, 2011 - 17:33

Annual General Meeting and Director Nominations

The Annual General Meeting (AGM) of Horizon Energy Distribution Limited is to be held at 10.00am on 11 August 2011 at the Ohope Chartered Club, Bluett Road, Ohope. (Refer attached documents).

13 June, 2011 - 15:34

Horizon Energy Announces 2011 Full Year Result

Electricity distribution company Horizon Energy Distribution Limited has announced an audited net profit after tax of $5.9 million for the year ended 31 March 2011.

30 May, 2011 - 16:34

Visit Horizon’s NZSX Page