SCHOOLBLAZER LIMITED — Earnings Release 2009

Nov 24, 2009

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

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25 November 2009

HGL Limited – Year End Report (Appendix 4E) for the year ended 30 September 2009

The directors of HGL Limited announce the results for the year ended 30 September 2009 as follows:

Final results for announcement to the market:

Extracted from the 2009 Annual Report:

Extracted from the 2009 Annual Report:
	% change	$A’000
Revenue	down 1%	172,247
Net profit from ordinary activities after taxattributable to members	up 207%	7,972
Net profit after tax attributable to members	up 207%	7,972

Dividends per share:

Dividends per share:
	Amount per security	Franked amount persecurity
Final Dividend – Ex date 1 December 2009,Record date 7 December 2009, Payable 17December 2009 and DRP discount rate ofnil, last day for election for the DRP is 7December 2009. The DRP share price willbe the weighted average share price oftrades on the ASX over the 5 trading dayperiod 1 December 2009 to 7 December2009. There is no foreign conduit incomeattributable to the dividend.	5.0 cents	5.0 cents
Interim dividend	3.0 cents	3.0 cents
Total dividend	8.0 cents	8.0 cents
Net Tangible Assets per share:
	30 September 2009	30 September 2008
Net Tangible Assets per share	81.1 cents	77.7 cents

The remainder of the information requiring disclosure to comply with the Listing Rules is contained in the 2009 Annual Report released to the ASX today. A discussion on the 2009 results and the outlook for 2010 is contained within the Chairman’s and Chief Executive’s Review.

HGL Limited ABN 25 009 657 961

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