TSXgroup

June 16, 2008

Horizons BetaPro S&P 500® Bear Plus ETF (the "ETF") - An application has been granted for the original listing in the Industrial category of 1,002,500 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, June 17, 2008 in anticipation of the offering closing prior to the opening on Wednesday, June 18, 2008. The Units will be posted for trading at the opening on Wednesday, June 18, 2008.

The registration and transfer of Units will be effected 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 June 13, 2008 (the "Prospectus"), which is available at www.SEDAR.com. Capitalized terms not otherwise defined are as defined in the Prospectus.

Stock Symbol: "HSD"
CUSIP: 44045R 10 5
Trading Currency: CDN

Temporary Market Maker: National Bank Financial Inc.

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 Address: 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, Ontario

Secretary: Duriya Patel
Toronto, Ontario

Incorporation: The ETF is an open-end mutual fund trust established under the laws of Ontario. The ETF was created pursuant to an amended and restated master declaration of trust made as of June 13, 2008.

Manager and Trustee: BetaPro Management Inc.

Investment Manager: JovInvestment Management Inc.

Portfolio Manager: ProShares Advisors LLC

Custodian: State Street Trust Company Canada.

Fiscal Year End: December 31

Nature of Business: The ETF is designed to provide daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs that endeavour to correspond to two times (200%) the inverse (opposite) of the daily performance of the S&P 500® Index. The ETF is denominated in Canadian dollars. Any U.S. dollar gains or losses as a result of the ETF's investment will be hedged back to the Canadian dollar to the best of its ability.

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 S&P 500® Index when the S&P 500® Index 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 S&P 500® Index when the S&P 500® Index rises on a given day.

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

Distributions and Automatic Reinvestment: Distributions on Units of the ETF, which will automatically be reinvested in additional Units of the ETF, are expected to be made annually at the end of the year, and are expected to consist primarily of returns of capital and capital gains for income tax purposes. On an annual basis, the ETF will ensure that all of its income (including net realized capital gains) have been distributed to Unitholders of the ETF in additional Units of the ETF to such an extent that the ETF will not be liable for ordinary income tax thereon.

Distributions of the ETF 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. The ETF does not have a targeted amount for any distributions and no amount of distributions is guaranteed.

As long as the Initial Forward Documents are in effect, the level of distributions paid by the ETF to its Unitholders will depend upon payments received by the ETF thereunder. If the Initial Forward Documents are terminated, the level and characterization of distributions paid by the 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.