It all started with a cubicle and an idea in September of 2005 in downtown Toronto.

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1 Our Story

2 It all started with a cubicle and an idea in September of 2005 in downtown Toronto. A team of financial visionaries wanted to create an ETF provider that did more than just replicate the returns of stock and bond indices. They wanted to give investors flexible, low-cost * exposure to numerous investment strategies and asset classes. Horizons ETFs Management (Canada) Inc. has built a global reputation as a leading ETF innovator. We are currently the largest provider of actively managed ETFs in Canada. We are also the only provider of leveraged and inverse leveraged ETFs in the country. Horizons ETFs has approximately CAD $10 billion in assets under management and 81 ETFs listed on major Canadian stock exchanges **. * Relative to the typical MER of comparable, regular mutual funds. ** As at March 31, 2018.

3 Our line-up includes: Active ETFs ETFs that combine the benefits of an actively managed portfolio with the traditional advantages of ETFs securities that trade like stocks, but with lower costs than comparable mutual funds. Benchmark ETFs Designed to provide either: 1. Diversified exposure to thematic markets; or 2. Tax-efficiency Thematic ETFs focus on providing investors with diversified exposure to emerging industries or asset classes with long-term sustainability. These index-tracking ETFs include, but are not limited to, Marijuana, Robotics, Artificial Intelligence (A.I.) and new technologies. Total Return Index (TRI) ETFs provide investors with a mechanism to follow an index, but without physically holding the underlying securities. Horizons TRI ETFs are not expected to pay taxable distributions. As a result, they are generally more tax-efficient than physically replicated ETFs, which pay taxable distributions. Leveraged and Inverse Leveraged ETFs ETFs designed to provide daily performance that corresponds to one times (1x) the inverse of their specified underlying index or benchmark; two times (2x) the daily performance or two times (2x) the inverse of the daily performance of their specified underlying index or benchmark; and ETFs designed to track the performance of market volatility.

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5 Since launching our first ETF on January 9, 2007, innovation has driven our investment strategies and continues to be fundamental to our business. Our aim is to provide investors of all experience levels with a broad, diversified range of investment tools. In 2011, Horizons ETFs Management (Canada) Inc. was acquired by Mirae Asset Global Investments Group, a Seoul-based global enterprise which offers asset management expertise worldwide. This has driven the growth of Horizons ETFs, with ETF strategies available to investors across the globe.

6 Our Global Vision

7 Bring global expertise to local markets We realize every market is unique. As innovators, we understand that innovation within ETFs isn t just happening locally, it s happening globally. That is why in 2011, we joined Mirae Asset Global Investments Group, with offices, clients and business lines across the world s major markets (Australia, Brazil, Canada, China, Colombia, Hong Kong, India, South Korea, Taiwan, the U.K., the United States and Vietnam). Partnering with Mirae has given us access to a globally diversified platform of some of the world s marketleading franchises in traditional equity and fixed income products, ETFs and alternative strategies, such as real estate, private equity and hedge funds.

8 Investing in Innovation

9 Within every asset class and every investment strategy, there is always an opportunity for innovation. Our focus on innovation has been the foundation of our business. Innovation is our Capital. Make it Yours.

10 Our Guiding Principles: Innovation, Accessibility and Liquidity At Horizons ETFs, we believe that our corporate culture and overall business practices are only as strong as our guiding principles. Listed below are the values that are the pillars of our investment strategies and who we are as a corporate citizen: Innovation Without innovation, inventions such as ETFs would never have been possible. Innovation drives the advancement of our everyday lives and continues to be the engine behind our investment strategies. It has allowed us to bring many firsts to the market and be recognized as a leading ETF provider, with award-winning* ETFs. Accessibility Being able to access ideas, information and tools that can add to education and empowerment in everyone s lives is one of our core beliefs. We believe that everyone, no matter what financial situation they find themselves in, should have access to the type of information that can help enhance their lives. Similarly, we also believe that every investor, no matter how big or small, should have the ability to access the best portfolio management techniques and the best asset classes the industry has to offer. Liquidity We believe that every asset class should be accessible to the average investor. While some alternative or fixed income investments take time to accumulate or liquidate, or have other restrictions, the ETF structure allows investors to trade these asset classes as easily as traditional stocks. * For more details see back cover.

11 We re passionate about helping Canadians achieve their investment goals. Whether you re looking for market returns delivered by low-cost, tax-efficient index ETFs, the added value of active management or alternatives, we offer ETF strategies for every investor. - Steve Hawkins, President & CEO, Horizons ETFs Education as Empowerment Education is the foundation of effective ETF investing. In addition to bringing innovative investments to market, we are committed to educating investors at all levels. The more investors understand about the various types of features and benefits that an ETF can offer, the more they are empowered to make the appropriate decisions for their portfolios. Every year, we hold between 150 and 200 educational events for investors and financial advisors to keep them abreast of the evolutions in ETF investing. We also provide an online library of education material, which includes articles, podcasts and videos about the latest trends and innovations in ETF investing.

12 We are committed to offering innovative and low-cost * investment solutions. Whether we are creating new strategies or improving on existing ones, we want every ETF on our shelf to be one that can add value to portfolios. Beyond financial services, Horizons ETFs is committed to acting responsibly. We take a pragmatic approach, focusing our commitment on areas that are most relevant to our company, our people, and where we believe we can make a difference. Our clients success is our success. In an effort to listen and respond to the voices and needs of our clients, Horizons ETFs has dedicated teams and specialized programs concentrating on service, support and education. * Relative to the typical MER of comparable, regular mutual funds.

13 Our Promise to You

14 Get the ETF Advantage TM

15 Visit HorizonsETFs.com

16 Horizons ETFs is a member of Mirae Asset Global Investments. Commissions, management fees and expenses all may be associated with an investment in exchange traded products managed by Horizons ETFs Management (Canada) Inc. (the Horizons Exchange Traded Products ). The Horizons Exchange Traded Products are not guaranteed, their values change frequently and past performance may not be repeated. The prospectus contains important detailed information about the Horizons Exchange Traded Products. Please read the prospectus before investing. The Horizons Exchange Traded Products include our BetaPro Products which consist of our 2x Daily Bull and 2x Daily Bear ETFs ( 2x Daily ETFs ), Inverse ETFs ( Inverse ETFs ) and our VIX ETF (defined below). The 2x Daily ETFs and certain other BetaPro Products use leveraged investment techniques that can magnify gains and losses and may result in greater volatility of returns. These BetaPro Products are subject to leverage risk and may be subject to aggressive investment risk and price volatility risk, which, where applicable, are described in their respective prospectuses. Each 2x Daily ETF seeks a return, before fees and expenses, that is either 200% or -200% of the performance of a specified underlying index, commodity or benchmark (the Target ) for a single day. Each Inverse ETF seeks a return that is -100% of the performance of a Target. Due to the compounding of daily returns, a 2x Daily ETF s or Inverse ETF s returns over periods other than one day will likely differ in amount and, for the 2x Daily ETFs, possibly direction from the performance of their respective Target(s) for the same period. The BetaPro Product whose Target is the S&P 500 VIX Short-Term Futures Index (the VIX ETF ), which is a (1x) VIX ETF, as described in the prospectus, is a speculative investment tool that is not a conventional investment. The VIX ETF s Target is highly volatile. As a result, the VIX ETF is not generally viewed as stand-alone longterm investment. Historically, the VIX ETF s Target has tended to revert to a historical mean. As a result, the performance of the VIX ETFs Target is expected to be negative over the longer term and neither the VIX ETF nor its Target is expected to have positive long term performance. Investors should monitor their holdings, as frequently as daily, to ensure that they remain consistent with their investment strategies. Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to a future outlook and anticipated distributions, events or results and may include statements regarding future financial performance. In some cases, forward-looking information can be identified by terms such as may, will, should, expect, anticipate, believe, intend or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Horizons ETFs undertakes no obligation to update publicly or otherwise revise any forward-looking statement whether as a result of new information, future events or other such factors which affect this information, except as required by law.