Horizons ETFs Announces Unit Consolidation

TORONTO, July 6, 2012 /CNW/ - Horizons Exchange Traded Funds Inc. ("Horizons ETFs") and its affiliate Horizons ETFs Management (Canada) Inc., the manager and trustee of the Horizons BetaPro S&P 500 VIX Short-Term Futures Bull Plus ETF (the "ETF"), listed on the Toronto Stock Exchange ("TSX") under the symbol HVU, has announced today that it intends to consolidate the units of the ETF, as indicated below:

Unit Consolidation

After the TSX has closed for trading on Thursday, July 19, 2012, the units of the ETF will be consolidated on the basis of the ratio (the "Consolidation Ratio") set out below, and will begin trading on a consolidated basis on Friday, July 20, 2012, the effective date of the consolidation:

For further information visit www.HorizonsETFs.com

About Horizons Exchange Traded Funds Inc. (www.horizonsetfs.com)

Horizons ETFs is an innovative financial services company offering the Horizons ETFs family of ETFs. The Horizons ETFs family includes a broadly diversified range of investment tools with solutions for investors of all experience levels to meet their investment objectives in a variety of market conditions. With more than $3.3 billion in assets under management and 81 ETFs listed on the Toronto Stock Exchange, the Horizons ETFs family makes up one of the largest families of ETFs in Canada. Horizons ETFs is asubsidiary of Horizons ETFs Management (Canada) Inc. and a member of the Mirae Asset Financial Group.