HOR Horizon Tech.

    


Loeb Partners Corporation



Ap 9

Appendix 3 Disclosure Forms

                  Page 1 of 4 FORM 8.1/8.3 IRISH TAKEOVER PANEL

Date of disclosure......May 20, 2008

Lodge with the Stock Exchange (which may publicise) and with the Panel. Use
separate form for each class of securities in which dealings have been made.

DISCLOSURE UNDER RULE 8.1(a), 8.1(b)(i) and 8.3 OF THE IRISH TAKEOVER PANEL ACT,
1997, TAKEOVER RULES, 2007

Date of Dealing ............................May 19, 2007

Dealing in (name of company)......Horizon Technology Group Plc

(1) Class of securities (e.g. ordinary shares) ordinary shares (via Swap)

(2) Amount bought 50,000   Amount sold    Price per unit
                                          1.11 EUR

     (3) Resultant total of the same class owned or controlled (and percentage
of class) 850,548............1.03% ( %)

(4) Party making disclosure...Loeb Partners Corporation....

(5) EITHER (a) Name of purchaser/vendor (Note 1) OR (b) If dealing for
discretionary client(s), name of fund management organisation Loeb Partners
Corporation

(6) Reason for disclosure

(Note 2) YES/NO(a) (i) offeror or associate of offeror (Note 3)

         YES/NO(ii) offeree or associate of offeree Specify which category or
                    categories of associate ((a) to (l) page 3/4) ....
                    If category (l), explain ..........
(b) Rule 8.3 (i.e. disclosure because of ownership or control of 1% or more the
    class of relevant securities dealt in) YES/NO

Signed, for and on behalf of the party named in (4) above .....................
(Also print name of signatory)........ShelbyDrescher.........
Telephone and extension number....212-483-7070

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