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SCHOOLBLAZER LIMITED Earnings Release 2009

Oct 29, 2009

65751_rns_2009-10-29_8a176cf2-e620-470b-8af1-f0157d1d4fd0.pdf

Earnings Release

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

Phone: +612 9221 7155 Fax: +612 9233 2713 Email: [email protected] Web: www.hgl.com.au

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30 October 2009

Profit update

HGL Limited (ASX Code HNG) is in the process of finalising its accounts for the year ended 30 September 2009.

The Board anticipates reported profit after tax for the year to September 2009 will be in the range $7.7 million to $8.1 million (2008: $7.5 million loss).

Core profit for the year to September 2009 is anticipated to be in the range $4.7 million to $5.1 million (2008: $8.4 million) after achieving a core profit of $2.2 million for the six months to March 2009.

For further information please contact:

Kevin Eley, Chief Executive Officer (Mobile) 0414 457 254

About HGL Limited (ASX Code HNG) :

HGL is a supplier of branded goods into niche markets.

HGL Limited ABN 25 009 657 961

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