Toronto – February 6, 2018 – Horizons ETFs Management (Canada) Inc. (the “Manager” or “Horizons ETFs”) is announcing the expected resumption of trading for units of the BetaPro S&P 500 VIX Short-Term Futures™ Daily Inverse ETF, which trades on the Toronto Stock Exchange under the ticker symbol “HVI”.

HVI had been halted due to extreme volatility in VIX-futures markets that occurred in after-hours market trading yesterday on Monday evening. The unexpected level of volatility had impaired the trading of the underlying derivatives used by many VIX-related exchange traded products that seek to provide exposure to the S&P 500 VIX Short-Term Futures.

The Manager expects that the secondary market will continue to provide unitholders with a forum to buy and sell units at a price reflective of the net asset value per unit. Subscriptions and redemptions in HVI are resuming in the normal course.

HVI seeks daily investment results (before fees, expenses, distributions, brokerage commissions and other transaction costs) that endeavour to correspond to the inverse (opposite) of the daily performance of the S&P 500 VIX Short-Term Futures Index™.

The Manager continues to monitor the trading activities in these underlying derivatives and will advise if any further action on HVI is required in due course.

For investor inquiries:

1-866-641-5739 (toll-free) or (416) 933-5745

info@horizonsetfs.com

For press or other inquiries:

Mark Noble, Senior Vice-President and Head of Sales Strategy

Horizons ETFs Management (Canada) Inc.

(416) 640-8254

mnoble@horizonsetfs.com

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 relevant prospectus before investing.