SCHOOLBLAZER LIMITED — Director's Dealing 2008

Dec 21, 2008

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of 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	HGL Ltd
ABN	25 009 657 961

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Peter Geoffrey Miller
Date of last notice	8 July 2008

Part 1 - Change of director’s relevant interests in securities

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.

Direct or indirect interest	Direct and Indirect	Direct and Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving riseto the relevant interest.	Mr Miller is a Director & Manager of:Sery Pty LtdLPO Investments Pty LtdWheelmar Distributors Pty Ltd
Date of change	Sery Pty LtdLPO Investments Pty LtdWheelmar Distributors Pty Ltd	18/12/200818/12/200818/12/2008
No. of securities held prior tochange	DirectIndirect:Sery Pty LtdLPO Investments Pty LtdWheelmar Distributors Pty Ltd	39,7236,901,2811,351,68933,650
Class	Ordinary fully paid shares
Number acquired	Sery Pty LtdLPO Investments Pty LtdWheelmar Distributors Pty Ltd	349,24268,4031,703
Number disposed	Nil

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash, provide details andestimated valuation	$1.0078 per share	$1.0078 per share
No. of securities held afterchange	DirectIndirect:Sery Pty LtdLPO Investments Pty LtdWheelmar Distributors Pty Ltd	39,7237,250,5231,420,09235,353
Nature of changeExample: on-market trade, off-market trade, exerciseof options, issue of securities under dividendreinvestment plan, participation in buy-back	Acquisition of securities under Dividend ReinvestmentPlan

Part 2 – Change of director’s interests in contracts

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.

Detail of contract	Not Applicable
Nature of interest	Not Applicable
Name of registered holder(if issued securities)	Not Applicable
Date of change	Not Applicable
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract in relation to which theinterest has changed	Not Applicable
Interest acquired	Not Applicable
Interest disposed	Not Applicable
Value/ConsiderationNote: If consideration is non-cash, provide details and an estimatedvaluation	Not Applicable
Interest after change	Not Applicable

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002