SCHOOLBLAZER LIMITED — Earnings Release 2010

Nov 23, 2010

Level 5, 34 Hunter Street Phone: +612 9221 7155 HGL Limited Sydney NSW 2000 Fax: +612 9233 2713 ABN 25 009 657 961 GPO Box 4406 Email: hgl@hgl.com.au Sydney NSW 2001 Web: www.hgl.com.au

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24 November 2010

HGL Limited – Year End Report (Appendix 4E) for the year ended 30 September 2010

The directors of HGL Limited announce the results for the year ended 30 September 2010 as follows:

Final results for announcement to the market:

Extracted from the 2010 Annual Report:

Extracted from the 2010 Annual Report:
RevenueNet profit from ordinary activities after taxattributable to membersNet profit after tax attributable to members	% changeup 5%up 68%up 68%	$A’000180,95413,416
		13,416

Dividends per share:

Dividends per share:
	Amount per security	Franked amount persecurity
Final Dividend – Ex date 30 November2010, record date 6 December 2010,payable 16 December 2010 and DRPdiscount rate of nil, last day for election forthe DRP is 6 December 2010. The DRPshare price will be the weighted averageshare price of trades on the ASX over the 5trading day period 30 November to 6December 2010. There is no foreignconduit income attributable to the dividend.	5.0 cents	5.0 cents
Interim dividend	6.0 cents	6.0 cents
Total dividend	11.0 cents	11.0 cents
Net Tangible Assets per share:
	30 September 2010	30 September 2009
Net Tangible Assets per share	82.8 cents	81.1 cents

The remainder of the information requiring disclosure to comply with the Listing Rules is contained in the 2010 Annual Report released to the ASX today. A discussion on the 2010 results and the outlook for 2011 is contained within the Chairman’s and Chief Executive’s Review.

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