Horizon Technology Group Plc

RNS Number:2371Q
Cantor Fitzgerald Europe
17 March 2008



                                                            FORM 8.1/8.3

                    IRISH TAKEOVER PANEL



Lodge with the Stock Exchange (which may publicise) and with the Panel.

Use separate form for each class of securities in which dealings have

been made.



                                              Date of disclosure 17th March 2008



          DISCLOSURE UNDER RULE 8.1(a), 8.1(b)(i) and 8.3 OF THE IRISH

TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2001





Date of Dealing 14th March 2008



Dealing in Horizon Technology Group Plc



(1)   Class of securities: Ordinary Shares



(2)


Amount bought       Amount sold       Price per unit
                                  250           0.700000
                               44,750           0.926399



 (3) Resultant total of the same class owned or controlled

(and percentage of class)       1,300,925        1.58%



              *In addition, Cantor Fitzgerald Europe (and affiliates) are party
to certain CFDs ( see below)





(4) Party making disclosure Cantor Fitzgerald Europe





(5) EITHER (a) Name of purchaser/vendor (Note 1)

OR (b) If dealing for discretionary client(s), name of fund

management organisation

..............................................................................



(6) Reason for disclosure (Note 2)

(a) (i) offeror or associate of offeror (Note 3) NO

(ii) offeree or associate of offeree NO



Specify which category or categories of associate ((a) to (l) page 3/4)

If category (l), explain
..............................................................................


(b) Rule 8.3 (i.e. disclosure because of ownership or control of 1% or more the
class of relevant securities dealt in) YES





Signed, for and on behalf of the party named in (4) above
..................................................

(Also print name of signatory) Ross Tanton

Telephone and extension number: 0207 894 7214 / [e-mail]





                                             Date of Disclosure: 17th March 2008



Form 8 Enclosure



Cantor Fitzgerald Europe is the beneficial owner of 1,300,925 Horizon Technology
Group plc ordinary shares. 1,300,925 of these shares are held to hedge Contract
for Difference ("CFD") positions for clients.



A Long CFD is a product where the client to whom the product is sold is taking a
long economic interest in the underlying share price such that the client can
realise a gain if the price of the underlying securities rises above the
reference price.



The holder of a Long CFD contract will realise a gain if the price of the
underlying security goes up. The holder of a Short CFD contract will realise a
gain if the price of the underlying security goes down.



There are no written or oral agreements between Cantor Fitzgerald Europe and any
clients concerning the control of voting rights in relation to the underlying
shares used to hedge Long CFDs and/or Spread bets.



The CFD contracts are open-ended and there is no rollover into new contracts.


Contracts for Differences                                                 Disclosure Date:  17/03/08


Horizon Technology Group Plc                          Cantor                                       Reference
                                                    Fitzgerald            Underlying Number          Price
Product Name                       Date Executed     Buy/Sell                     Of Shares           EUR
Horizon Technology Group Plc Long       15/09/06       Sell                           20000          0.96
CFD
Horizon Technology Group Plc Long       02/11/06       Sell                           16000          1.01
CFD
Horizon Technology Group Plc Long       14/11/06       Sell                          359325          1.01
CFD
Horizon Technology Group Plc Long       20/11/06       Sell                          100000          1.00
CFD
Horizon Technology Group Plc Long       21/11/06       Sell                           26000          0.97
CFD
Horizon Technology Group Plc Long       22/12/06       Sell                          125000          0.98
CFD
Horizon Technology Group Plc Long       30/01/07       Sell                          122000          0.98
CFD
Horizon Technology Group Plc Long       20/02/07       Sell                           17600          1.02
CFD
Horizon Technology Group Plc Long       15/03/07       Sell                          515000         1.1454
CFD
                                                                                    1300925




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