SCHOOLBLAZER LIMITED — Director's Dealing 2008

Jan 23, 2008

Appendix 3Y

Rule 3.19A.2

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
	23 January 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
Nature of indirect interest
(including registered holder)	Mr Miller is a Director & Manager of:
Note: Provide details of the circumstances giving rise to the relevantinterest.	Sery Pty Ltd
	LPO Investments Pty Ltd
	Wheelmar Distributors Pty Ltd
Date of change
	Sery Pty Ltd 21 January 2008
No. of securities held prior to change	Direct39,723
	Indirect:
	Sery Pty Ltd6,443,987
	LPO Investments Pty Ltd1,297,809
	Wheelmar Distributors Pty Ltd32,308
Class
	Ord
Number acquired
	Sery Pty Ltd7,660
Number disposed
	Nil
Value/Consideration
Note: If consideration is non-cash, provide details and estimatedvaluation	$2.05 per share

+ See chapter 19 for defined terms.

No. of securities held after change	Direct	39,723
	Indirect:
	Sery Pty Ltd	6,451,647
	LPO Investments Pty Ltd	1,297,809
	Wheelmar Distributors Pty Ltd	32,308
Nature of change
Example: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	On Market Trade

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 relationto which the interest has changed	Not applicable
Interest acquired	Not applicable
Interest disposed	Not applicable
Value/ConsiderationNote: If consideration is non-cash, provide details andan estimated valuation	Not applicable
Interest after change	Not applicable

+ See chapter 19 for defined terms.