SCHOOLBLAZER LIMITED — Director's Dealing 2003

Aug 4, 2003

Appendix 3Z

Rule 3.19A.3

Final Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

Name of entity	HGLLimited
ABN	25 009 657 961

We (the entity) give ASX the following information under listing rule 3.19A.3 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of director	David Neil Constable
Date of last notice	Appendix 3Y lodged 9 January 2002,effective as at 1 January 2002
Date that director ceased to be director	1 August 2003

Part 1 - Director's relevant interests in securities of which the director is the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Number & class of securities

Nil

+ See chapter 19 for defined terms.

Part 2 - Director's relevant interests in securities of which the director is not the registered holder

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

	Name of holder & nature of interestNote: Provide details of the circumstances giving rise tothe relevant interest	Number & class of securities
1)	Constable Investment GroupLimited:- Mr Constable is the soleshareholder of ConstableInvestment Group Limited.	5,717,153 ordinary shares
2)	Kitwood Pty Limited:- Mr Constableis the sole shareholder of KitwoodPty Limited.	487,634 ordinary shares

Part 3 - Director's interests in contracts

Detail of contract	Not applicable
Nature of interest	Not applicable
Name of registered holder(if issued securities)	Not applicable
No. and class of securities to whichinterest relates	Not applicable

$+$ See chapter 19 for defined terms.