SCHOOLBLAZER LIMITED — Director's Dealing 2011

Feb 13, 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	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	4 February 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	Direct
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Not applicable
Date of change	11 February 2011
Number of securities held prior to change	3,500,089
Class	Ordinary fully paid shares
Number acquired	Nil
Number disposed	16,250
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$1.44 per share
Number of securities held after change	3,483,839
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	The exercise by HGL Limited of its rightunder clause 13 of the HGL LimitedEmployee Share Scheme to sell shares heldby Kevin John Eley

• See chapter 19 for defined terms.

Appendix 3Y Page 1

01/01/2011

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	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	Not applicable
	which interest related prior tochangeNote: Details are only required for a contract in relationto which the interest has changed
	Interest acquired	Not applicable
		Not applicable
	Interest disposed
	Value/Consideration	Not applicable
	Note: If consideration is non-cash, provide details andan estimated valuation
	Interest after change	Not applicable

Part 3 –[+] Closed period

	Were the interests in the securities or contracts detailedabove traded during a+closed period where prior written	No
	clearance was required?
		Not applicable
	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 wasthisprovided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011