SCHOOLBLAZER LIMITED — Earnings Release 2022

Nov 24, 2022

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ASX ANNOUNCEMENT

FINANCIAL RESULT – YEAR ENDED 30[th] SEPTEMBER 2022

25[th] November 2022

Company Announcements Office Australian Securities Exchange Authorised by the Board for immediate release

FINANCIAL RESULT – YEAR ENDED 30th SEPTEMBER 2022

Hancock & Gore Limited (ASX: HNG) (H&G) is pleased to release its financial results for the year ending 30 September 2022 (“FY22”).

Key highlights include:

• $5.6 million Net Profit After Tax (includes revaluation gains)

• $0.01 per share fully franked final dividend declared 25 November 2022, in addition to $0.01 per share fully franked dividends declared & paid during the financial year

• Strong balance sheet position including $13.5 million cash and a $10.7 million listed investment portfolio and no debt

• Net Tangible Asset (NTA) per share growth of 7% to $0.28 per share

• Major profitable asset realisation with Pegasus Healthcare stake sold for $10 million cash (120% uplift on initial investment in April 2018)

• The Mountcastle group achieved record unaudited results (revenues of $49.3m and EBITDA of $10.4m) in the year to 30[th] June 2022. Capital management initiatives increased H&G’s ownership share to 49.4%, and H&G received dividends of $1.5m

• H&G Investment Management delivered 91% growth in external Funds under Management including the listing of managed fund H&G High Conviction Limited

• Strongly supported private placement announced in November 2021 that raised $15.0 million at a price of $0.33 per share

• Launched new syndicated investments into Disruptive Packaging and Hyde Road Property Trust

• Strong performance and growth milestones in other investments including Mint and T Shirt Ventures

• Significant deal flow opportunities across Private Equity, ASX Listed, Property and Funds Management

Sandy Beard, Executive Chair H&G, said: “Following the strategy reset and establishment of an experienced management team during FY21, FY22 was another positive step for H&G with profitable portfolio growth, cash realisations and deployment into long-term strategic assets”.

HANCOCK AND GORE LIMITED ACN 009 657 961 I ASX:HNG Suite 803, 25 Bligh Street, Sydney NSW 2000 AUSTRALIA www.hancockandgore.com.au

Fully franked dividend

Following the resumption of dividend payments at the end of FY21 ($0.01 per share) and interim and special dividends during FY22 ($0.01 per share combined), the Board is pleased to declare a further fully franked final FY22 dividend of $0.01 per share payable on 12 December 2022.

Outlook

Over the last 18 months, realisations, transformations & optimisations have positioned the portfolio well, allowing for significant opportunities in key investments & further expansion of funds management ahead. The investment team continue to see significant deal flow and attractive investment opportunities across both Private and ASX listed markets. We target a minimum 15% per annum return on equity across our investments and remain focused on delivering this target over the long term with consistent cash generation for a growing dividend stream to H&G shareholders.

For more information, please contact Executive Chair, Sandy Beard on 0412 308 263

About H&G

H&G is a diversified investment company with a focus on active management and driving shareholder returns through investing in a broad range of opportunities across Private Equity, ASX Listed Equities, funds management and real property, debt funding and other alternative investments. We seek to become a trusted partner of choice that aims to solve our partners’ problems, identifying and pursuing opportunities that benefit all parties.

HANCOCK AND GORE LIMITED ACN 009 657 961 I ASX:HNG Suite 803, 25 Bligh Street, Sydney NSW 2000 AUSTRALIA www.hancockandgore.com.au