SCHOOLBLAZER LIMITED — Director's Dealing 2019

Dec 18, 2019

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 Constable
Date of last notice	23 July 2019

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 givingrise to the relevant interest.	Mr Constable is a 20% shareholder and Director of IJVInvestments Pty LtdMr Constable is the trustee for Abby Grace ConstableMr Constable is a beneficiary of the superannuation fundNetwealth Super
Date of change	17 December2019
No. of securities held prior to change	Direct:219,353Indirect:IJV Investments Pty Ltd6,537,792JD Constable 625Netwealth Super Nil
Class	Fully Paid Ordinary
Number acquired	DirectNilIndirect3,260
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide detailsand estimated valuation	$0.36per share
No. of securities held after change	Direct:219,353Indirect:IJV Investments Pty Ltd6,537,792JD Constable 625Netwealth Super 3,260

+ See chapter 19 for defined terms.

Nature of change
Example:on-markettrade,off-markettrade,exercise of options, issue of securities underdividend reinvestment plan, participation in buy	On market purchase
back

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 writtenclearance was required?	No
If so, was prior written clearance provided to allow the tradeto proceed during this period?	N/A
If prior written clearance was provided, on what date was thisprovided?	N/A

+ See chapter 19 for defined terms.