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Press release from CNW Group

Horizons ETFs Announces Unit Consolidation

Monday, April 29, 2013

Horizons ETFs Announces Unit Consolidation

18:08 EDT Monday, April 29, 2013

TORONTO, April 29, 2013 /CNW/ - Horizons ETFs Management (Canada) Inc. and its affiliate AlphaPro Management Inc. (collectively "Horizons ETFs"), the manager and trustee of the Horizons Enhanced Income Gold Producers ETF(the "ETF"), have announced today that they intend to consolidate the units of the ETF, as indicated below:

Unit Consolidation

After the Toronto Stock Exchange ("TSX") has closed for trading on Tuesday, May 14, 2013, the units of the ETF will be consolidated on the basis of the ratios (the "Consolidation Ratios") set out below, and will begin trading on a consolidated basis on Wednesday, May 15, 2013, the effective date of the consolidation:

ETF  Class of Units   Ticker   Consolidation  
Ratio
 Horizons Enhanced Income Gold Producers ETF   Class E  HEP 1:2
 Advisor Class  HEP.A 1:2

For further information visit www.HorizonsETFs.com

About Horizons ETFs Management (Canada) Inc. (www.HorizonsETFs.com)

Horizons ETFs Management (Canada) Inc. and its affiliate AlphaPro Management Inc. are innovative financial services companies offering the Horizons ETFs family of exchange-traded funds. 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 approximately $4.3 billion in assets under management and 74 ETFs listed on the Toronto Stock Exchange, the Horizons ETFs family makes up one of the largest families of ETFs in Canada. Horizons ETFs Management (Canada) Inc. and AlphaPro Management Inc. are members of the Mirae Asset Financial Group.

SOURCE: Horizons ETFs Management (Canada) Inc.

For further information:

Martin Fabregas, Investor Relations, (416) 601-2508 or 1-866-641-5739.

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