SCHOOLBLAZER LIMITED — Director's Dealing 2017

Jan 24, 2017

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 30/09/01 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 July2016

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

Direct or indirect interestIndirectNature of indirect interestIJV Investments Pty Ltd –Mr Constable is a director and 20%(including registered holder)shareholder of IJV Investments Pty Ltd.Note: Provide details of the circumstances givingJulian David Constable -Mrrise to the relevant interest.Constable is the trustee for Abby Grace ConstableDate of change24January 2017No. of securities held prior to changeDirect:200,000Indirect:IJV Investments Pty Ltd5,906,909JD Constable 625ClassFully Paid OrdinaryNumber acquiredIndirect171,348Number disposedNilValue/Consideration$0.517per shareNote: If consideration is non-cash, provide detailsand estimated valuationNo. of securities held after changeDirect:200,000Indirect:IJV Investments Pty Ltd6,078,257JD Constable 625Nature of changeExample:on-markettrade,off-markettrade,Shares issued pursuant to HGL Ltd Dividend Reinvestment Planexercise of options, issue of securities underdividend reinvestment plan, participation in buyback	part.

+ 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	N/A
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
Date of change	N/A
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	N/A
Interest after change	N/A

Part 3 – +Closed period

Were the interests in the securities or contracts detailed
above traded during a +closed periodwhere prior written	No
clearance was required?
If so, was prior written clearance provided to allow the trade	N/A
to proceed during this period?
If prior written clearance was provided, on what date was thisprovided?	N/A

+ See chapter 19 for defined terms.