Directorate Change

15 Jul 2008 07:00

Horizon Technology Group plc

Dublin: HOR.I London: HOR.L ADR: HZNTY

Directorate change

Dublin, 15 July 2008

Following the successful completion of Avnet Inc.'s acquisition of Horizon Technology Group plc, Horizon's Chief Financial Officer, Cathal O'Caoimh, has tendered his resignation so as to take up a position as Group Financial Director of FBD Holdings plc.

Chairman, Samir Naji, commented: "I would like to take this opportunity, on behalf of the board, to thank Cathal for his commitment and valuable contribution to the group over the past seven years. Cathal provided the group with excellent financial leadership and contributed significantly to the group's strategic and operational decision-making process. I wish him every success in his future career."

For further information please contact:

Horizon Technology Group plc

Gary Coburn, Chief Executive Officer 353 1 620 4900

K Capital Source

Mark Kenny/Jonathan Neilan 353 1 631 5500

ABOUT HORIZON

Horizon Technology Group plc is a leading technical integrator and distributor of information technology products in the UK and Ireland. For more information about Horizon Technology Group plc, visit www.horizon.ie.