SCHOOLBLAZER LIMITED — Earnings Release 2011

Nov 22, 2011

Level 11 280 George Street Sydney NSW 2000 GPO Box 4406 Sydney NSW 2001 www.hgl.com.au P +612 9221 7155 F +612 9233 2713

HGL Limited abn 25 009 657 961

23 November 2011

HGL Limited – Year End Report (Appendix 4E) for the year ended 30 September 2011

The directors of HGL Limited announce the results for the year ended 30 September 2011 as follows:

Final results for announcement to the market:

Extracted from the 2011 Annual Report:

			% c	hange	$A’000
Reve	nue		do	wn 9%	163,928
Netattrib	loss from o	rdinary activities after tax
	utable to mem	bers	dow	n 118%	(2,425)
Net lo	ss after tax at	tributable to members	dow	n 118%	(2,425)

Dividends per share:

Dividends per share:
	Amount per security	Franked amount persecurity
Final Dividend – Ex date 28 November 2011,record date 2 December 2011, payable 16December 2011 and DRP discount rate of nil,last day for election for the DRP is 2 December2011. The DRP share price will be the weightedaverage share price of trades on the ASX overthe 5 trading day period 28 November to 2December 2011. There is no foreign conduitincome attributable to the dividend.	5.5 cents	5.5 cents
Interim dividend	6.0 cents	6.0 cents
Total dividend	11.5 cents	11.5 cents

Net Tangible Assets per share:
	30 September 2011	30 September 2010
Net Tangible Assets per share	80.7 cents	82.8 cents

The remainder of the information requiring disclosure to comply with the Listing Rules is contained in the 2011 Annual Report released to the ASX today. A discussion on the 2011 results and the outlook for 2012 is contained within the Chairman’s and Chief Executive’s Review.

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