SCHOOLBLAZER LIMITED — Capital/Financing Update 2020

May 3, 2020

4 May 2020

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Company Announcements Office Australian Securities Exchange Authorised for immediate release

EXTENSION OF ACCELERATED NON-RENOUNCEABLE RIGHTS ISSUE

HGL reminds the market that acceptances for the 5 for 16 Entitlement Offer at 20 cents per share announced on 14 April 2020, will close at 5.00 pm on Friday 8 May 2020. The extension of the offer date was announced to the market via an Appendix 3B disclosure on 28 April 2020.

Eligible shareholders who require assistance with accepting their entitlements are encouraged to contact the offer information line on 1300 850 505 (in Australia), or +61 3 9415 4000 (international), during the hours of 8.30am to 5.30 pm Sydney time.

The current entitlement offer replaces the original offer announced on 30 January 2020. Shareholders who participated in the original offer are also reminded that they may roll over their application monies into the current offer also by contacting the Registry as above.

Iain Thompson

CFO & Company Secretary