Rule 8.3- (Horizon Technology)

    RNS Number : 0488W
  Cantor Fitzgerald Europe
  05 June 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 5th June 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 4th June 2008

    Dealing in Horizon Technology Group Plc
            
    (1)   Class of securities: Ordinary Shares

                 (2) 

 Amount bought   Amount sold   Price per unit
         53,000                        1.1394


     (3) Resultant total of the same class owned or controlled
    (and percentage of class)     1,220,325    1.48%

        *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) Tracy Evans
    Telephone and extension number: 0207 894 8173 / [e-mail] 

    Date of Disclosure: 5th June 2008
    Form 8 Enclosure

    Cantor Fitzgerald Europe is the beneficial owner of 1,220,325 Horizon Technology Group Plc ordinary shares. 1,220,325 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:     05/06/08

 Horizon Technology Group Plc                     Cantor                         Reference
                                                Fitzgerald    Underlying Number    Price
 Product Name                    Date Executed   Buy/Sell             Of Shares     EUR
 Horizon Technology Group Plc         15/09/06     Sell                   20000    0.96
 Long CFD
 Horizon Technology Group Plc         02/11/06     Sell                   16000    1.01
 Long CFD
 Horizon Technology Group Plc         14/11/06     Sell                  359325    1.01
 Long CFD
 Horizon Technology Group Plc         22/12/06     Sell                  125000    0.98
 Long CFD
 Horizon Technology Group Plc         30/01/07     Sell                  122000    0.98
 Long CFD
 Horizon Technology Group Plc         20/02/07     Sell                   10000    1.02
 Long CFD
 Horizon Technology Group Plc         15/03/07     Sell                  515000   1.1454
 Long CFD
 Horizon Technology Group Plc         04/06/08     Buy                    53000   1.1394
 Long CFD
                                                                        1220325

This information is provided by RNS
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