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SCHOOLBLAZER LIMITED Capital/Financing Update 2012

Jul 16, 2012

Capital/Financing Update

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Level 11 280 George Street Sydney NSW 2000 GPO Box 4406 Sydney NSW 2001 www.hgl.com.au P +612 9221 7155 F +612 9233 2713

HGL Limited abn 25 009 657 961

HGL has sold its 19.5% interest in eyewear distributor Safilo Australia for $1.5m.

Safilo Australia was identified as a non-core asset last year and the intention to divest was announced on 14 November 2011.

Peter Miller Chairman 17 July 2012

Michael Mahoney, Chief Executive 02 9221 7155 or 0410 285 318

SUPPLYING MARKET LEADING BRANDED PRODUCTS