SCHOOLBLAZER LIMITED — Director's Dealing 2011

Dec 8, 2011

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 30/9/01 Amended 01/01/11

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	Dr Frank Michael Wolf
Date of last notice	1 September 2010

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	Indirect
Nature of indirect interest (including registered holder)
Note: Provide details of the circumstances giving rise to the relevant interest.	FM Wolf Pty Ltd as trustee for the FM Wolf Superannuation Fund – Dr Wolf is a 50% shareholder of FM Wolf Pty Ltd
Date of change	2 December 2011
6 December 2011
Number of securities held prior to change	364,615
Class	Ordinary fully paid shares
Number acquired	1,407 on 2 December 2011
20,755 on 6 December 2011
Number disposed	Nil
Value/Consideration
Note: If consideration is non-cash, provide details and estimated valuation	$1.04 per share on 2 December 2011
$1.04 per share on 6 December 2011
Number of securities held after change	386,777
Nature of change
Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	On-market trades

• See chapter 19 for defined terms.

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Appendix 3Y Page 1

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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.

Detail of contract	Not applicable
Nature of interest	Not applicable
Name of registered holder (if issued securities)	Not applicable
Date of change	Not applicable
Number and class of securities to which interest related prior to change
Note: Details are only required for a contract in relation to which the interest has changed	Not applicable
Interest acquired	Not applicable
Interest disposed	Not applicable
Value/Consideration
Note: If consideration is non-cash, provide details and an estimated valuation	Not applicable
Interest after change	Not applicable

Part 3 – Closed period

Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	Not applicable
If prior written clearance was provided, on what date was this provided?	Not applicable

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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