| BACKGROUNDIn 1998, a group of Hawke's Bay Equestrian 
                                      enthusiasts approached Equestrian Sports 
                                      New Zealand, the owner of the Horse of the 
                                      Year Show, for permission to run the event 
                                      in Hawke's Bay. For a number of years prior 
                                      to this, the show had been held in Auckland, 
                                      resulting in accumulated financial loses.
 By March 1999, the resulting successful 
                                      application saw the first show run under 
                                      the new format, this being organized by 
                                      the Northern Hawke's Bay Showjumping Group. 
                                      With a budget of under $100,000, this show 
                                      was run completely be volunteers and was 
                                      a resounding success. The subsequent years 
                                      have seen a tremendous growth in all aspects 
                                      of the event. It is now eight years since those dreams 
                                      turned to reality and in that time we have 
                                      watched with pride as the Kelt Capital Horse 
                                      of the Year show has become the biggest 
                                      international event of its type in the country. 
                                      We have seen further equestrian disciplinesjoin this celebration each year and the 
                                      event has continued to capture the hearts 
                                      and minds of the equestrian world and the 
                                      Hawke's Bay people alike. The growth forced 
                                      the formation of Showjumping Hawke's Bay 
                                      Inc, which has become the organizing body, 
                                      assisted by a paid event manager. However, 
                                      the show is still heavily reliant on its 
                                      300 member volunteer force, whom assist 
                                      with the day to day running of the five 
                                      days of the event. Since 1999, the numbers 
                                      of horses, arenas, competitors, spectators, 
                                      trade sites and disciplines have more
 than tripled. Now every square inch of the 
                                      Showgrounds is used. As the show grew, so 
                                      did the budget, with the 2007 show expenditure 
                                      in excess of $1,100,000. A large part of 
                                      this expenditure is covered by the $600,000 
                                      of sponsorship received from numerous businesses 
                                      and organizations, both locally and nationally. 
                                      The 2007 show saw the continued support 
                                      of Kelt Capital as a naming rights sponsor 
                                      and as such has taken the show to yet another 
                                      level from both a financial and a professional 
                                      point of view.
 
 |