SCHOOLBLAZER LIMITED — Earnings Release 2008

Nov 25, 2008

Level 5, 34 Hunter Street Sydney NSW 2000 GPO Box 4406 Sydney NSW 2001

Phone: +612 9221 7155 Fax: +612 9233 2713 Email: hgl@hgl.com.au Web: www.hgl.com.au

==> picture [77 x 43] intentionally omitted <==

26 November 2008

HGL Limited – Year End Report (Appendix 4E) for the year ended 30 September 2008

The directors of HGL Limited announce the results for the year ended 30 September 2008 as follows:

Final results for announcement to the market:

Extracted from the 2008 Annual Report:

Extracted from the 2008 Annual Report:
	% change	$A’000
Revenue	up 6%	173,753
Net loss from ordinary activities after taxattributable to members	down 148%	(7,461)
Net loss after tax attributable to members	down 148%	(7,461)

Dividends per share:

Dividends per share:
	Amount per security	Franked amount per
		security
Final Dividend – Ex date 1 December 2008,
Record date 5 December 2008, Payable 18	5.1 cents	7.4 cents
December 2008 and DRP discount rate of
nil, last day for election for the DRP is 5
December 2008. The DRP share price will
be the weighted average share price of
trades on the ASX over the 5 trading day
period 1 December 2008 to 5 December
2008. There is no foreign conduit income
attributable to the dividend.
Interim dividend	7.0 cents	7.0 cents
Total dividend	12.1 cents	14.4 cents
Net Tangible Assets per share:
	30 September 2008	30 September 2007
Net Tangible Assets per share	77.7 cents	132.9 cents

The remainder of the information requiring disclosure to comply with the Listing Rules is contained in the 2008 Annual Report released to the ASX today. A discussion on the 2008 results and the outlook for 2009 is contained within the Chairman’s and Chief Executive’s Review.

HGL Limited ABN 25 009 657 961

investing in businesses