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SCHOOLBLAZER LIMITED Earnings Release 2011

May 5, 2011

65751_rns_2011-05-05_920e1b10-f151-4518-8b9e-f37a74d0b03b.pdf

Earnings Release

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HGL Limited ABN 25 009 657 961

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Suite 1, Level 11, 280 George 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

6 May 2011

Profit update

HGL Limited (ASX Code: HNG) is in the process of finalising its accounts for the six months ended 31 March 2011.

Underlying profit for the six months to 31 March 2011 is anticipated to be in the range $3.9 million to $4.2 million (2010: $4.1 million).

The Board anticipates statutory profit after tax for the six months to 31 March 2011 will be in the range $3.9 million to $4.2 million (2010: $7.8 million). The comparative period included an after tax profit of $3.7 million from the sale of listed shares. As part of the strategy to become a supplier of market leading branded products into specialist markets all listed shares were sold.

For further information please contact:

Michael Mahoney, Chief Executive 02 9221 7155 Tim Allerton, City PR 0412 715 707

market leading branded products for specialist markets