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SCHOOLBLAZER LIMITED Earnings Release 2010

May 5, 2010

65751_rns_2010-05-05_24f57513-3ee6-4f62-9609-460a9e6123eb.pdf

Earnings Release

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Level 5, 34 Hunter Street Phone: +612 9221 7155 Sydney NSW 2000 Fax: +612 9233 2713 GPO Box 4406 Email: [email protected] Sydney NSW 2001 Web: www.hgl.com.au

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6 May 2010

Profit update

HGL Limited (ASX Code HNG) is in the process of finalising its accounts for the six months ended 31 March 2010.

The Board anticipates reported profit after tax for the six months to 31 March 2010 will be in the range $7.6 million to $8.0 million (2009: $3.7 million).

Underlying profit (previously referred to as core profit) for the six months to 31 March 2010 is anticipated to be in the range $3.9 million to $4.3 million (2009: $2.2 million).

For further information please contact:

Kevin Eley, Chief Executive Officer 02 9221 7155

About HGL Limited (ASX Code HNG) :

HGL is a supplier of branded goods into niche markets.

HGL Limited

ABN 25 009 657 961