SCHOOLBLAZER LIMITED — Major Shareholding Notification 2003

Sep 8, 2003

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To: Company Name/Scheme		Reinsurance Australia Corporation Limited
ACN/ARSN	061 215 601
	1. Details of substantial holder (1)
Name		HGL Company Six Pty Limited
ACN/ARSN (if applicable)	079 744 166
There was a change in the interests of the substantial holder on		01 September 2003
The previous notice was given to the company on		24 October 2002
The previous notice was dated		24 October 2002

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

and the country ofClass of securities (4)	Previous notice		Present notice
	the state of thePerson's votes	Voting power (5)	.Person's votes	Voting power (5)
Ordinary Shares	13.146.586	6.54%	15,298,586	7.61%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date ofchange	Person whoserelevant interestChanged	Nature ofchange (6)	Considerationgiven in relation tochange $(7)$	Class & numberof securitiesaffected	Person's votesaffected
			$	Ordinary Shares
24 October 2002	HGL Company SixPty Limited	on-marketpurchase	35,457.60	236,384	HGL Company Six PtyLimited
25 October 2002	HGL Company SixPty Limited	on-marketpurchase	2,042.40	13,616	HGL Company Six PtyLimited
28 October 2002	HGL Company SixPty Limited	on-marketpurchase	83,473.82	556,492	HGL Company Six PtyLimited
29 October 2002	RJ Realty PtyLimited	Directorresigned	N/A	(400,000)	RJ Realty Pty Limited
29 October 2002	RJ Constable astrustee for RJ RealtyProvident Fund	Directorresigned	N/A	(150,000)	RJ Constable astrustee for RJ RealtyProvident Fund
30 October 2002	HGL Company SixPty Limited	On-marketpurchase	2,283.32	15,747	HGL Company Six PtyLimited
06 November 2002	HGL Company SixPtv Limited	on-marketpurchase	19,161.76	119,761	HGL Company Six PtyLimited
15 November 2002	HGL Company SixPty Limited	on-marketpurchase	5,760.00	36,000	HGL Company Six PtyLimited
20 November 2002	HGL Company SixPty Limited	on-marketpurchase	16,000.00	100,000	HGL Company Six PtyLimited
25 November 2002	HGL Company SixPty Limited	on-marketpurchase	66,240.00	414,000	HGL Company Six PtyLimited

26 November 2002	HGL Company Six PtyLimited	on-marketpurchase	16,000.00	100,000	HGL Company Six PtyLimited
30 January 2003	HGL Company Six PtyLimited	on-marketpurchase	5.548.46	32,638	HGL Company Six PtyLimited
31 January 2003	HGL Company Six PtyLimited	on-marketpurchase	26,579.45	154,585	HGL Company Six PtyLimited
03 February 2003	HGL Company Six PtyLimited	on-marketpurchase	2.172.09	12,777	HGL Company Six PtyLimited
06 February 2003	HGL Company Six PtyLimited	on-marketpurchase	9,860.00	58,000	HGL Company Six PtyLimited
07 February 2003	HGL Company Six PtyLimited	on-marketpurchase	4.022.37	23,661	HGL Company Six PtyLimited
10 February 2003	HGL Company Six PtyLimited	On-marketpurchase	14,221.86	83,658	HGL Company Six PtyLimited
11 February 2003	HGL Company Six PtyLimited	On-marketpurchase	67,150.00	395,000	HGL Company Six PtyLimited
12 February 2003	HGL Company Six PtyLimited	On-marketpurchase	2.057.00	12,100	HGL Company Six PtyLimited
13 February 2003	HGL Company Six PtyLimited	On-marketpurchase	18,700.00	110,000	HGL Company Six PtvLimited
11 March 2003	HGL Company Six PtyLimited	On-marketpurchase	4,688.77	27,581	HGL Company Six PtyLimited
01 September 2003	FM Wolf Pty Limitedas trustee for FM WolfSuperannuation Fund	On-marketpurchase	50,000.00	200,000	F M Wolf Pty Limitedas trustee for FM WolfSuperannuation Fund

3. Changes in relevant interests (continued)

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registeredholder ofsecurities	Person entitledto be registeredas holder (8)	Nature ofrelevant interest(6)	Class and$\scriptstyle\cdots$ number ofsecurities	potential servicesPerson'svotes
HGL Company Six PtyLimited and all of theentities listed in AnnexureА	HGL CompanySix Pty Limited	HGL CompanySix Pty Limited	legal &beneficial owner	13,500,000ordinary shares	13,500,000
Wheelmar Distributors PtyLtd	WheelmarDistributors PtyLfd	WheelmarDistributors PtyLtd	legal &beneficial owner	750,000ordinary shares	750,000
Sery Pty Ltd	Sery Pty Ltd	Sery Pty Ltd	legal &beneficial owner	500,000ordinary shares	500,000
Kinsvan Pty Ltd	Kinsvan Pty Ltd	Kinsvan Pty Ltd	legal &beneficial owner	250,000ordinary shares	250,000
Julian David Constable	Julian DavidConstable	Julian DavidConstable	legal &beneficial owner	98,586ordinary shares	98,586
FM Wolf Pty Ltd as trusteefor FM WolfSuperannuation Fund	FM Wolf Pty Ltdas trustee forFM WolfSuperannuationFund	FM Wolf Pty Ltdas trustee forFM WolfSuperannuationFund	Registeredholder	200,000ordinary shares	200,000

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
RJ Realty Pty Ltd	RJ Constable was a director of HGL Limited whoresigned effective 29 October 2002 and who had arelevant interest in the shares owned by RJ RealtyPty Ltd.
RJ Constable as trustee for RJ Realty Provident Fund	RJ Constable was a director of HGL Limited whoresigned effective 29 October 2002 and who had arelevant interest in the shares owned by RJ RealtyProvident Fund.
FM Wolf Pty Ltd as trustee for FM Wolf Superannuation Fund	Dr FM Wolf is a director of HGL Limited and is a50% shareholder of FM Wolf Pty Ltd.

6. Addresses

The addresses of persons named in this form are as follows:

Name	Address
HGL Company Six Pty Limited	Level 5, 34 Hunter Street, Sydney NSW 2000
FM Wolf Pty Ltd as trustee for FM WolfSuperannuation Fund	13 The Battlement, Castlecrag NSW 2068
Wheelmar Distributors Pty Ltd	432 Elizabeth Street, Surry Hills NSW 2010
Sery Pty Ltd	432 Elizabeth Street, Surry Hills NSW 2010
Kinsvan Pty Ltd	432 Elizabeth Street, Surry Hills NSW 2010
Julian David Constable	15 Eastgate Avenue, Killara NSW 2071

Signature

print name	MP Mahoney	Secretarycapacity
sign here		9 September 2003date

DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (eq. a corporation and its related corporations. or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.
• (2) See the definition of "associate" in section 9 of the Corporations Law.
• (3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Law.
• (4) The voting shares of a company constitute one class unless divided into separate classes.
• (5) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• (6) Include details of:
  • any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection $(a)$ 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
  • any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting $(b)$ powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Law.

• (7) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.
• If the substantial holder is unable to determine the identity of the person (eq. if the relevant interest arises because of an option) $(8)$ write "unknown".
• Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $(9)$

ANNEXURE "A"

ENTITY	A.C.N.	ADDRESS
HGL Limited	009 657 961	Level 5, 34 Hunter St, Sydney NSW 2000
HGL Group Superannuation Fund Pty Limited	003 185 993
Kinsole Pty Limited	003 516 452	Ħ
Garnet Producers Pty Limited	008 471 832	Ħ
Garnet Millers Australia Pty Ltd	008 908 227	Ħ
Hancock & Gore Superannuation Fund Pty Ltd	008 367 771	Ħ
Martin Wells Holdings Pty Limited	008 435 167	Ħ
Martin Wells Pty Limited	000 116 905	Ħ
Solander Holdings Pty Limited	002 786 281	Ħ
Anitech Pty Limited	000 118 212	Ħ
Aarque Reprographics Systems Pty Limited	000 100 265	Ħ
RKM Pty Limited	077 401 275	Ħ
Optical Investment Fund of Australia Pty Limited	075 483 662	Ħ
TJB Finance Pty Limited	085 663 921	Ħ
Eycon Imaging Pty Ltd	072 023 208	Ħ
BOC Ophthalmic Instruments Pty Limited	065 092 248	$^{\dagger\dagger}$
OP's Optical Products Pty Limited	071 601 664	Ħ
Aarque Graphics New Zealand Limited	N/A	8 Te Pai Place, Henderson,
		Auckland N.Z.
Ace Graphic Systems Limited	N/A
Aarcato Properties Limited	N/A	Ħ
Digital Management Limited	N/A	800 Victoria Street, Hamilton NZ
Digital Filing Solutions 2000 Limited	N/A
Laser Colour Copy Centres Ltd	N/A	Ħ
Leutenegger Pty Limited	056 512 031	Level 5, 34 Hunter St, Sydney NSW 2000
Craigie Securities Pty Limited	009 950 181
Mountcastle Holdings Pty Limited	009 950 190	Ħ
Mountcastle Pty Limited	009 661 643	Ħ
Charmant Australia Pty Limited	080 395 722	Ħ
J. Leutenegger Pty Limited	056 414 647	Level 5, 34 Hunter St, Sydney NSW 2000
Radda Pty Limited	094 263 555
HGL Company Six Pty Limited	079 744 166	Ħ
HGL Group Pty Limited	079 732 068	Ħ
HGL Company One Pty Ltd	091 712 104	Ħ
HGL Company Two Pty Ltd	091 712 159
Createc Pty Ltd	094 263 537	Ħ
HGL Company Four Pty Limited	094 263 546	Ħ
HGL Company Seven Pty Limited	103 939 420	Ħ
HGL Company Eight Pty Limited	103 939 439	Ħ
HGL Company Nine Pty Limited	103 939 466	Ħ
HGL Company Ten Pty Limited	103 939 457	Ħ
Neltaro Pty Ltd	002 994 149	$\ddagger \ddagger$

This is the annexure marked "A" referred to in Form 604– Notice of change of interests of substantial holder given by HGL Company Six Pty Limited, signed and dated 9 September 2003.

....................................... MP MAHONEY SECRETARY HGL COMPANY SIX PTY LIMITED