Re: Holding in Company

RNS Number:9856M
Horizon Technology Group PLC
01 June 2005

Horizon Technology Group Plc



01 June 2005



Re: Holding in Company





A Letter from Gartmore Investment Management Plc dated 26th May 2005 to Horizon
Technology Group Plc, received by Horizon Technology Group Plc on the 31st May
2005.



We, Gartmore Investment Limited (GIL), Gartmore Fund Managers Limited (GFM) and
Gartmore Global Partners (GGP), write to advise you pursuant to Section 67 of
the Irish Companies Act 1990, that we have decreased our reportable interest in
your company by virtue of a sale of 500,000 shares on 24th May 2005.



1.       This notification relates to the ORD EUR0.07(UK-EX) share capital of
Horizon Technologies Group Plc:



2.       The identities of the beneficial holders of these shares and the number
of shares held by each holder, so far as is known at the date of this
notification, are shown on the attached schedule.



3.   The percentages quoted on the attached schedule are based on your issued
share capital of 73,721,746 shares, as advised to us by Extel Financial Limited.



4.    The total number of shares comprises the aggregated holdings controlled by
GIL GFM and GGP, as discretionary investment managers of the clients and client
funds      listed on the attached schedule and; accordingly having voting power
in respect of the shares and power to dispose of them.



5.        The shares are held for investment purpose only for the clients and
client funds concerned and we do not know of anyone who is party to any
agreement to which Section 73 of the "Act" applies.





Alan Buddles

Head of Restrictions and Disclosures Unit

Gartmore Investment Management Plc





Current Holdings by Fund Manager



Security: Horizon Technology Group Plc Ord EURO 07(UKEX)


Fund         Number of     Issued Share  Percentage of    Fund       Beneficial Owner
Managing Co. Shares Held   Capital       Issue Capital
Gartmore       3,463,753                      4.698%        56690    Gartmore Fund
Fund                                                                 Managers Ltd A/C
Managers                                                             Gartmore UK &
Limited                                                              Irish Smaller
                                                                     Companies
                                                                     Strategy Fund
               3,463,753                      4.698%
Gartmore       4,058,132                      5.505%        56550    Gartmore Irish
Investment                                                           Growth Fund plc
Limited
Gartmore        186,527                       0.253%        GAGIG    Gartmore Absolute
Investment                                                           Growth and Income
Limited                                                              Trust plc


               4,244,659                      5.758%
               7,708,412    73,721,746       10.456%







This announcement has been issued through the Companies Announcement Service of

                           the Irish Stock Exchange.








                      This information is provided by RNS
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