TSXgroup

January 14, 2008

Horizons BetaPro NYMEX® Natural Gas Bear Plus ETF (the “ETF”) - An application has been granted for the original listing in the Industrial category of 1,002,500 redeemable, transferable Class A units (the “Units”) of the ETF, all of which will be issued and outstanding, and none will be reserved for issuance upon completion of an initial public offering.

Listing of the Units will become effective at 5:01 p.m. on Tuesday, January 15, 2008 in anticipation of the offering closing prior to the opening on Wednesday, January 16, 2008. The Units will be posted for trading at the opening on Wednesday, January 16, 2008.

The registration and transfer of Units will be affected through the book-entry only system administered by CDS Clearing and Depository Services Inc. Unitholders of the ETF will not have the right to receive physical certificates evidencing their ownership of the Units.

Additional information on the Units may be found in the final prospectus dated January 11, 2008 (the “Prospectus”), which is available at www.SEDAR.com. Capitalized terms not otherwise defined are as defined in the Prospectus.

Stock Symbol: “HND”
CUSIP: 44045G 10 9
Trading: CDN $

Temporary Market Maker: Research Capital Corporation

Other Markets: None

Head Office Address:
c/o BetaPro Management Inc.
26 Wellington Street East
Suite 920
Toronto, Ontario
M5E 1S2

Website: www.hbpetfs.com

Email: info@hbpetfs.com

Head Office Telephone Number: (416) 933-5745

Fax Number: (416) 777-5181

Investor Relations: Kristen Winther
Tel: (416) 777-5169
Fax: (416) 777-5181

Chief Financial Officer: Jason MacKey
Toronto, Ont.

Secretary: Duriya Patel
Toronto, Ont.

Incorporation: The ETF is an open-ended mutual fund trust established under the laws of Ontario pursuant to an amended and restated master declaration of trust as of January 11, 2008.

Manager and Trustee: BetaPro Management Inc.

Investment Manager: JovInvestment Management Inc.

Portfolio Manager: ProShare Advisors LLC

Fiscal Year End: December 31

Nature of Business: The ETF seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs that endeavour to correspond to two times (200%) the inverse of the daily performance of the NYMEX® Natural Gas futures contract for the next delivery month.

If the ETF is successful in meeting its investment objective, its net asset value should gain approximately two times as much, on a percentage basis, as the NYMEX® Natural Gas futures contract for the next delivery month when the NYMEX® Natural Gas futures contract for the next month falls on a given day. Conversely, the ETF’s net asset value should lose approximately two times as much, on a percentage basis, as the NYMEX® Nature Gas futures contract for the next delivery month when the NYMEX® Natural Gas futures contract for the next delivery month rises on a given day.

Transfer Agent & Registrar: Computershare Investor Services Inc. at its principal office in Toronto.

Distributions and Automatic Reinvestment: The ETF will distribute sufficient net income (including, if applicable, net capital gains) so that the ETF will not be liable for income tax in any given year. The Manager intends, but is under no obligation, to make such distributions, usually on an annual basis. All distributions will be automatically reinvested on behalf of each Unitholder in additional Units of the ETF.

Distributions of an ETF are expected to consist primarily of returns of capital and capital gains for income tax purposes. These distributions are intended to benefit Unitholders since returns of capital are generally not subject to tax (but reduce the adjusted cost base of the Units) and distributions of capital gains will generally be taxed at a lower rate than distributions of interest and other ordinary income.

As long as the Initial Forward Documents are in effect, the level of distributions paid by an ETF to its Unitholders will depend upon payments received by the ETF thereunder. If the Initial Forward Documents are terminated, the level of distributions paid by an ETF to its Unitholders will depend on the replacement hedging strategy adopted by the ETF.

Initial Issuance of Units: Pursuant to the terms of the Prospectus, Units will be issued and sold on a continuous basis and there will be no maximum number of Units that may be issued. Units sold in connection with the initial public offering for the ETF will amount to 1,002,500 Units at a price of $20.00 per Unit.