Horizons ETFs Announces Approval of Change to the Investment Objective of the Horizons S&P 500® Index (C$ Hedged) ETF

TORONTO, Feb. 28, 2013 /CNW/ - Horizons Exchange Traded Funds Inc. ("Horizons ETFs") and its affiliate Horizons ETFs Management (Canada) Inc. (the "Manager") hereby announce that a change to the investment objective of the Horizons S&P 500® Index (C$ Hedged) ETF ("HXS") was approved at a special meeting of unitholders held today. Beginning on or about April 1, 2013, HXS will seek to replicate, to the extent possible, the performance of the S&P 500® Index (Total Return), net of expenses.

On or about April 1, 2013, the Manager also expects to change the name of HXS to the "Horizons S&P 500® Index ETF" and to offer units of HXS in both Canadian and US dollars.

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 approximately $4.2 billion in assets under management and 77 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 a subsidiary of Horizons ETFs Management (Canada) Inc. and a member of the Mirae Asset Financial Group.

SOURCE: Horizons Exchange Traded Funds Inc.

For further information:

Martin Fabregas, Investor Relations, (416) 601-2508 or 1-866-641-5739.

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Horizons Exchange Traded Funds Inc.

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