SCHOOLBLAZER LIMITED — Major Shareholding Notification 2004

Nov 9, 2004

10-NOV-2004 $11:07$ FROM HGL LIMITED TO ASX ANNOUNCE

P.01

604 page 1/2 15 July 2001

Corporations Act 2001 Section 671B Notice of change of interests of substantial holder To Company Name/Scheme HGL UMITED ACN/ARSN 009 657 961 1. Details of substantial holder (1) Name SERY PTY LIMITED ("SERY") AND EACH OF THE OTHER PERSONS SET OUT IN ANNEXURE A TO THIS NOTICE (TOGETHER REFERRED TO AS THE "SERY GROUP") ACN/ARSN (If applicable) 008 392 989 There was a change in the interests of the substantial holder on 05/02/2004 The previous notice was given to the company on 30/11/2000 The previous notice was dated 30/11/2000

Form 604

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:

Class of securities (4)	.Previous notice		Present notice
	Person's votes	Voting power (5)	Parson's votes	.Voting power (5)
ORDINARY	7638324ļ	16.56%---	8233669	116.32%
		.	.

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 (B)	Considerationgiven in relationto change (7)	Class andnumber ofsecuritiesaffected	Parson's votesaffected
	Serv Group	Issue of shares underHGL Employee Share N/AScheme		IN/A	Dilution in voting power

4. Present relevant interests

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

HolderσfrelevantInterest	Registeredholder ofsecurities	Person entitledto be registeredas holder (6)	Nature ofrelevantInterest (6)	Class andnumber ofsecurities	Person's votes
	Refer Annexure B

604 page 2/2 15 July 2001

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
Peter Miller	Director of Sery Pty Limited, Michael Hershon Holdings Pty Limited, Famher Pty Limited.Herfam Management Pty Limited, LPO investments Pty Limited, Toorano Pty Limitedand Wheelmar Oistributors Pty Limited.
Melanie Hershon	Director of Sery Pty Limited, Michael Hershon Holdings Pty Limited, Famher Pty Limited,Herfam Management Pty Limited, LPO investments Pty Limited, Toorano Pty Limitedand Wheelmar Distributors Pty Limited.
Michael Hershon	Director of Herfam Management Pty Limited, Famher Pty Limited and WheelmarDistributors Ptv Limited.
Jennifer Drummond	Director of Herfam Management Pty Limited.

6. Addresses

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

Name---	-------- --____–Addreas.
Refer Annexure A.	____--
---. —	---------------------------------------___________________________________

Signature

print name PETER MILLER---	capacity	DIRECTOR
sign here $\angle$ $2 \times 32.08$	date	$O\setminus U\setminus O'$----

DIRECTIONS

• If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager andtrustee of an equity trust), the names could be included in an ann $(1)$ 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 Act 2001.
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $(3)$
• $(4)$ The voting shares of a company constitute one class unless divided into separate classes.
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. (5)
• $(B)$ Include details of:
  • $\left( a\right)$ any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 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 detaile 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 powers or disposal of the $(b)$ 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 Act 2001.

• $(7)$ 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 on any benefit peid 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.
• $^{(8)}$ If the substantial holder is unable to determine the Identity of the person (eg. if the relevant Interest arises because of an option) write "unknown".
• Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. 79)

$\ddot{\phantom{a}}$

ANNEXURE A

This is Annexure A of 1 page referred to in Form 604, Notice of change of interests of substantial holder.

Signed:

Cessor, Le Villegue auto-201

Peter Miller (Director)

Dated: 10 $110$

VAMER	STILL CONTRACTOR AND STREET TO CALL THE LANDADULITE SHAR$\begin{array}{l} \mathcal{D}_1 \oplus \mathcal{D}_2 \oplus \mathcal{D}_3 \oplus \mathcal{D}_4 \oplus \mathcal{D}_5 \oplus \mathcal{D}_6 \oplus \mathcal{D}_7 \oplus \mathcal{D}_8 \oplus \mathcal{D}_8 \oplus \mathcal{D}_9 \oplus \mathcal{D}_9 \oplus \mathcal{D}_9 \oplus \mathcal{D}_9 \oplus \mathcal{D}_9 \oplus \mathcal{D}_9 \oplus \mathcal{D}_9 \oplus \mathcal{D}_9 \oplus \mathcal{D}_9 \oplus \mathcal{D}_9 \oplus \mathcal{D}_9 \oplus \mathcal{D}_9 \oplus \mathcal$
Sery Pty Limited	432 Elizabeth Street, Surry Hills NSW 2010
ACN 008 392 989
Michael Hershon Holdings Pty Limited	432 Elizabeth Street, Surry Hills NSW 2010
ACN 008 399 737
Famher Pty Limited	432 Elizabeth Street, Surry Hills NSW 2010
ACN 000 605 710
Herfam Management Pty Limited	432 Elizabeth Street, Surry Hills NSW 2010
ACN 000 156 981
LPO Investments Pty Limited	432 Elizabeth Street, Surry Hills NSW 2010
ACN 000 396 949
Toorano Pty Limited	432 Elizabeth Street, Surry Hills NSW 2010
ACN 002 105 615
Wheelmar Distributors Pty Limited	432 Elizabeth Street, Surry Hills NSW 2010
ACN 000 477 387
Michael Hershon	4 Upper Phillimore Gardens, London W8 7HA ENGLAND
Melanie Hershon	54 Kambala Road, Bellevue Hill NSW 2023
Jennifer Drummond	4 Upper Phillimore Gardens, London W8 7HA ENGLAND
Peter Miller	48 Tambourine Bay Road, Lane Cove NSW 2066

ANNEXURE B

This is Annexure B of 1 page referred to in Form 604, Notice of change of interests of substantial holder.

Signed:

$\sqrt{2\pi}$ Peter Miller (Director)

Dated: $10(5)$

	to be a minimized with a series of the control of the control of the control of the control of the control of	TERMICIALE"不可可的?"	detect of the participant which or olavant in the stmampa	TOD 35-MODEL PROTECTIONmunberofikSecondes
Limited.Sary PtyMichaelHershonHoldings Pty Limited,Famher Ply Limited,Herfam ManagementPty Limited, LPOInvestmentsPrvLimited, Toorano PtyLimited.WheelmarDistributionsPty.Limited.MichaelHershon and PeterMiller	Serv Pty Limited -6426187 sharesLPO Investments PtyLimited1297609$\sim$sharesWheelmar DistributorsPty Limited $-32308$sharesPeter Miller $-39723$shares	N/A	Relevant Interests under sections608(1) and 608(3) of the CorporationsActPeter Miller is a director of Sery PtyLimited, Michael Hershon HoldingsPty Limited, Famher Pty Limited,Herfam Management Pty Limited.LPO Investments Pty Limited andWheelmar Distributors Pty Limited.Michael Hershon is a director ofHerfam Management Pty Limited,Famher Pty Limited and WheelmarDistributore Pty Limited. MichaelHershon is the beneficial owner of allof the shares in:(a) Herfam Management PtyLimited which is the ultimateholding company of FamherMichaelPty Limited,PtyHarshonHoldingsPtv.andServLimitedLimited:(b) Wheelmar Distributors PtyLimited; and(c) Toorano Pty Limited whichis the holding company ofLPO.InvestmentsPtvLimited.	7.796,027Shares	7,796,027
Jennifer Drummond	Jennifer Drummond	N/A	Relevant interest under section 608(1)Corporations Act	437 642Shares	437 642