Rule 8.3 - Horizon Technology

RNS Number:6640S
Cantor Fitzgerald Europe
18 April 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 18th April 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 17th April 2008


Dealing in Horizon Technology Group Plc


(1)   Class of securities: Ordinary Shares



(2)

Amount bought       Amount sold       Price per unit

                          7,600           1.050000



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

(and percentage of class)       1,167,325        1.42%



              *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: 18th April 2008

Form 8 Enclosure



Cantor Fitzgerald Europe is the beneficial owner of 1,167,325 Horizon Technology
Group Plc ordinary shares. 1,167,325 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:  18/04/08


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                    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                    10000        1.02
CFD
Horizon Technology Group Plc Long                    15/03/07      Sell                   515000       1.1454
CFD
                                                                                         1167325




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