HZN AGM Voting Intentions

I intend to VOTE FOR
Resolution 3a To elect Mr Nigel Burgess as Non-executive Director

I strongly believe that Nigel Burges/Samuel Terry want head in the same direction as myself: primarily maximise Cash Harvesting and Distribution including being open to a takeover offer.

I intend to VOTE AGAINST
Resolution 2 Remuneration Report
Resolution 3b To re-elect Ms Sandra Birkensleigh as Non-executive Director
Resolution 4 Approval of 2021 grant of long term incentives (“LTIs”) to Mr Christopher Hodge, ManagingDirector and Chief Executive Officer

I am voting against the Remuneration Report as I believe that the cost structure is now way out of step with the changed circumstances of HZN, specifically, no longer an Operator; significantly lower market capitalisation ($150m versus $450m); no longer in the ASX300 nor even the All Ordinaties.

I am voting against Resolution 3b (Ms Birkensleigh) because their are too many directors on the board given the reduced complexity of HZN.
This is nothing against Sandra, it is a message that the number of directors should be reduced. It is up to the board to decide who goes.

I am voting against Resolution 4 because the base salary of the CEO is more than adequate remuneration for the reduced complexity of the company. Ideally, Chris' base remuneration would be reduced to make way for a STI and LTI component.

I would encourage all shareholders to give serious consideration to their voting intentions.

I believe that votes against 2, 3b and 4 could be very significant, and if so, would send a clear message to the board as to the path that many shareholders want their company to head.