SCHOOLBLAZER LIMITED — Director's Dealing 2010

Feb 3, 2010

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 Limited
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	Kevin John Eley
Date of last notice	17 December 2009

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
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giviinterest.
		Not al	cable
	ng rise to the relevant	pp
Date of change		2 Februa	ry 2010
Number of securities held prio	t h	352842	6
	o cange	,,
Class
		Ordinary	fully paid shares
Number acquired
		Nil
Number disposed		28,337
Value/ConsiderationNote: If consideration is non-cash, provide detvaluation
	ails and estimated	$1.154 p	er share
Number of securities held after	change	350008	9
		,,
Nature of changeExample: on-market trade, off-market trade, exsecurities under dividend reinvestment plan, pa
	i f ti i f	The exerclause 1	cise by the Company of its righ3 of the HGL Ltd Employee Sh	t underare
	ercse o opons, ssue orticipation in buy-back	Scheme	to sell shares held by Kevin Jo	hn Eley

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

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.

	t 2 – Change of dire	ctor’s interests in contra		cts
	In the case of a company, intere	sts which come within paragraph (ii) of		the definition of “notifiable interest of a director” shoul	d be disclosed in this part.
De	tail of contract		Not applica	ble
Na	ture of interest
			Not applica	ble
Na(if	me of registered holdissued securities)	er	Not applica	ble
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.

Appendix 3Y Page 2

11/3/2002