SCHOOLBLAZER LIMITED — Director's Dealing 2015

Feb 8, 2015

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	Julian David Constable
Date of last notice	19 July 2013

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	Directand Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to therelevant interest.	IJVInvestments Pty Ltd –Mr Constable is a director and20% shareholderof IJV Investments Pty Ltd.Julian David Constable (Abby Grace Constable a/c) –MrConstable is the trusteefor Abby Grace Constable.
Date of change	JD ConstableJD Constable	4 February 20155 February2015
Number of securities held prior to change	Direct-JD ConstableIndirect:JD Constable (AG Constable a/c)IJV Investments Pty Ltd	44,0006255,600,000
Class	Ordinary fully paid shares
Number acquired	JD Constable –4 February 2015JD Constable –5 February 2015	15,00014,064
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$0.27per shareon 4 February 2015$0.30per share on 5 February 2015
Number of securities held after change	Direct-JD ConstableIndirect:JD Constable (AG Constable a/c)IJVInvestments Pty Ltd	73,0646255,600,000
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participationin buy-back	On-market trades

+ See chapter 19 for defined terms.

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
Numberand class of securities to whichinterest related prior to changeNote: Details are only required for a contract in relation to whichthe interest has changed	Not applicable
Interest acquired	Not applicable
Interest disposed	Not applicable
Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuation	Not applicable
Interest after change	Not applicable

Part 3 –+Closed period

Were the interests in the securities or contracts detailedduring a +closed period where prior writtenabove tradedclearance was required?	No
If so, was prior written clearance provided to allow thetrade to proceed during this period?	Not applicable
If prior written clearance was provided, on what date wasthis provided?	Not applicable

+ See chapter 19 for defined terms.