An anonymous director reports

HORIZONS ETFS ANNOUNCES FINAL VALUATION FOR THE TERMINATING ETFS

Horizons ETFs Management (Canada) Inc. (the manager) previously announced, by way of a press release dated Dec. 13, 2023, that the exchange-traded funds (the ETFs) listed in the attached table would be delisted from the Toronto Stock Exchange at the close of business on Feb. 14, 2024, and terminated effective upon the close of business today, Feb. 21, 2024. The ETF's final net asset value (NAV), distribution and termination proceeds per security are as shown in the attached table.

Securityholders will receive the proceeds from the liquidation of the assets, less all liabilities and all expenses incurred in connection with the dissolution of the applicable ETF(s). These proceeds will be paid to the holders of the remaining outstanding securities of the applicable ETF(s) on a pro rata basis, at the rate shown herein, without further action by those securityholders.

Income and capital gains distributions, if any, are indicated in the attached table. The net proceeds of termination paid to each securityholder is the sum of the ex distribution NAV per security plus the income and capital gains distributions per security indicated in the attached table and represents the remaining net assets of the applicable ETF(s).

About Horizons ETFs Management (Canada) Inc.

Horizons ETFs Management (Canada) is an innovative financial services company with one of the largest suites of exchange-traded funds in Canada. The Horizons ETFs product family includes a broadly diversified range of solutions for investors of all experience levels to meet their investment objectives in a variety of market conditions. Horizons ETFs currently has more than $30-billion of assets under management and 117 ETFs listed on major Canadian stock exchanges. Horizons ETFs is a wholly owned subsidiary of the Mirae Asset Financial Group, which manages approximately $720-billion of assets across 19 global markets around the world.

We seek Safe Harbor.