SCHOOLBLAZER LIMITED — Capital/Financing Update 2021

Mar 3, 2021

4 March 2021

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Company Announcements Office Australian Securities Exchange

Authorised by the Board for immediate release

HGL Limited ACN 009 657 961 (ASX: HNG) (HGL or Company) Notice under section 708A(5)(e) of the Corporations Act 2001 (Cth)

This notice is given by HGL under section 708A(5)(e) of the Corporations Act 2011 (Cth) ( Corporations Act ).

HGL confirms that:

1. HGL has issued 4,000,000 ordinary shares and 8,000,000 options without disclosure to investors under Part 6D.2 of the Corporations Act, as previously advised to the ASX and approved by shareholders at the AGM on 24 February 2021;

2. as at the date of this notice, HGL has complied with:

   • (a) the provisions of Chapter 2M of the Corporations Act as they apply to HGL; and

   • (b) section 674 of the Corporations Act; and

3. as at the date of this notice, there is no ‘excluded information’ (as that term is defined in sections 708A(7) and 708A(8) of the Corporations Act) that is required to be disclosed under section 708A(6)(e) of the Corporations Act.

Yours faithfully

Iain Thompson

Company Secretary