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Press release from CNW Group

Horizons ETFs Announces Unit Consolidations

Friday, March 30, 2012

Horizons ETFs Announces Unit Consolidations17:41 EDT Friday, March 30, 2012TORONTO, March 30, 2012 /CNW/ - Horizons Exchange Traded Funds Inc. ("Horizons ETFs") and its affiliate Horizons ETFs Management (Canada) Inc., the manager and trustee of the Horizons BetaPro NYMEX® Natural Gas Bull Plus ETF, Horizons BetaPro NYMEX® Long Natural Gas/Short Crude Oil Spread ETF and the Horizons Winter-Term NYMEX® Natural Gas ETF (together, the "ETFs"), has announced today that it intends to consolidate the units of the ETFs, as indicated below:Unit ConsolidationsAfter the Toronto Stock Exchange (the "TSX") has closed for trading on Thursday, April 12, 2012, the units of the ETFs will be consolidated on the basis of the ratios (the "Consolidation Ratios") set out below, and will begin trading on a consolidated basis on Friday, April 13, 2012, the effective date of the consolidations:ETFTickerConsolidation RatioHorizons BetaPro NYMEX® Natural Gas Bull Plus ETFHNU1:4Horizons BetaPro NYMEX® Long Natural Gas/Short Crude Oil Spread ETFHNO1:4Horizons Winter-Term NYMEX® Natural Gas ETFHUN1:4For further information visit www.HorizonsETFs.comAbout Horizons Exchange Traded Funds Inc. (www.horizonsetfs.com)Horizons ETFs is an innovative financial services company offering the Horizons ETFs family of ETFs. The Horizons ETFs family includes a broadly diversified range of investment tools with solutions for investors of all experience levels to meet their investment objectives in a variety of market conditions. With more than $3.4 billion in assets under management and 81 ETFs listed on the Toronto Stock Exchange, the Horizons ETFs family makes up one of the largest families of ETFs in Canada. Horizons ETFs is a subsidiary of Horizons ETFs Management (Canada) Inc. and a member of the Mirae Asset Financial Group. For further information: Martin Fabregas, Investor Relations, (416) 601-2508 or 1-866-641-5739