SCHOOLBLAZER LIMITED — Capital/Financing Update 2020

Mar 18, 2020

19 March 2020

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Company Announcements Office Australian Securities Exchange Authorised for immediate release

EXTENSION OF NON-RENOUNCEABLE RIGHTS ISSUE

HGL Limited (ASX: HNG) today announces that it will extend the offer period under its pro-rata renounceable rights issue.

The offer period has been extended by two weeks to 5.00pm (Sydney time) on 7 April 2020.

The revised indicative timetable for the Entitlement Offer is set out below:

Event	Date
Initial announcement of the proposedEntitlement Offer	30 January 2020
Launch announcement of Entitlement Offer	5 March 2020
Record Date for the Entitlement Offer	7.00pm(Sydneytime)10 March 2020
Offer Booklet dispatched, Entitlement Offeropens	13 March 2020
Entitlement Offer closes	5.00pm(Sydneytime)7 April 2020
Announcement of results of issue	10 April 2020
Issue of New Shares (and any Additional NewShares)under the Entitlement Offer	14 April 2020

All other terms of the Entitlement Offer remain unchanged. Please refer to the Offer Booklet released on 13 March 2020 for further details relating to the Entitlement Offer.

Iain Thompson

CFO & Company Secretary