SCHOOLBLAZER LIMITED — Major Shareholding Notification 2013

Jul 24, 2013

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	HGL LIMITED
ACN/ARSN	009 657 961
1. Details of substantial holder (1)
	SERY PTY LIMITED ("SERY") AND EACH OF THE OTHER PERSONS SET OUT IN (6)
Name	(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	24 / 07 / 2013
The previous notice was given to the company on	11 / 02 / 2010
The previous notice was dated	11 / 02 / 2010

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
	Persons' votes	Voting power $(5)$	Person's votes	Voting power $(5)$
ORDINARY	10,307,059	18.86%	11,219,638	19.9991%

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 whose relevantinterest changed	Nature ofchange $(6)$	Considerationgiven in relationto change $(7)$	Class andnumber ofsecuritiesaffected	Person's votes affected
16.05.12	OCTAVIA HOLDINGS PTY LTD	ONMARKET PURCHASE	0.90/SHARE	ORD 125,000	OCTAVIA HOLDINGS PTY LTD
14.12.12	OCTAVIA HOLDINGS PTY LTD	DRP	0.5228/SHARE	4,782ORD	OCTAVIA HOLDINGS PTY LTD
14.12.12	SERY PTY LIMITED	DRP	0.5228/SHARE	ORD 302.278	SERY PTY LIMITED
14, 12, 12	LPO INVESTMENTS PTY LTD	DRP	0.5228/SHARE	ORD.58,688	LPO INVESTMENTS PTY LTD
14, 12, 12	WHEELMAR DISTRIBUTORS P/L	DRP	0.5228/SHARE	ORD.1,462	WHEELMAR DISTRIBUTORS P/L
14,12,12	PETER MILLER	DRP	0.5228/SHARE	ORD.1,520	PETER MILLER
14, 12, 12	JENNIFER HERSHON	DRP	0.5228/SHARE	ORD.27,489	JENNIFER HERSHON
14, 12, 12	ITHURIEL PTY LIMITED	DRP	0.5228/SHARE	ORD.2.870	ITHURIEL PTY LIMITED
12,07,13	OCTAVIA HOLDINGS PTY LTD	DRP	0.5192/SHARE	ORD.5.000	OCTAVIA HOLDINGS PTY LTD
12,07.13	SERY PTY LIMITED	DRP	0.5192/SHARE	ORD, 316,018	SERY PTY LIMITED
12.07.13	LPO INVESTMENTS PTY LTD	DRP	0.5192/SHARE	ORD.61.355	LPO INVESTMENTS PTY LTD
12.07.13	WHEELMAR DISTRIBUTORS P/L	DRP	0.5192/SHARE	1,528ORD.	WHEELMAR DISTRIBUTORS P/L
12.07.13	PETER MILLER	DRP	0.5192/SHARE	1.589ORD.	PETER MILLER
12.07.13	ITHURIEL PTY LIMITED	DRP	0.5192/SHARE	ORD.3,000	ITHURIEL PTY LIMITED

4. Present relevant interests

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

Holder of relevantinterest	Registered holder ofsecurities	Person entitledto be registeredas holder $(8)$	Nature of relevantinterest $(6)$	Class andnumberofsecurities	Person's votes
SERY PTY LIMITED,MICHAEL HERSHONHOLDINGS PTYLIMITED, FAMHERPTY LIMITED.HERFAMMANAGEMENT PTYLIMITED, LPOINVESTMENTS PTYLTD, TOORANO PTYLIMITED, WHEELMARDISTRIBUTORS PTYLTD, PETER MILLER,JENNIFER HERSHON.	SERY PTY LIMITED -8.519.815 SHARESLPO INVESTMENTS PTY$LTD -$1,654,128 SHARESWHEELMAR DISTRIBUTORSPTY LTD - 41,181 SHARESPETER MILLER - 42,832SHARESJENNIFER HERSHON -746,030 SHARES	N/A	RELEVANT INTERESTSUNDER SECTIONS 608(1) AND608(3) OF THE CORPORATIONSACT.PETER MILLER AND JENNIFERHERSHON ARE DIRECTORSOF SERY PTY LIMITED.MICHAEL HERSHONHOLDINGS PTY LTD, FAMHERPTY LIMITED, HERFAMMANAGEMENT PTY LIMITED,LPO INVESTMENTS PTY LTDAND WHEELMARDISTRIBUTORS PTY LTD.ITHURIEL PTY LTD	11,219,638SHARES	11,219,638
ITHURIEL PTY LTD	ITHURIEL PTY LTD - 80,870SHARES
OCTAVIA HOLDINGSPTY LTD	OCTAVIA HOLDINGS PTYLTD - 134,782 SHARES		JENNIFER HERSHON IS ADIRECTOR OF OCTAVIAHOLDINGS PTY LTD

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 (if applicable)	Nature of association
OCTAVIA HOLDINGS PTY LTD	JENNIFER HERSHON IS A DIRECTOR

6. Addresses

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

Name	Address
SERY PTY LIMITED ACN 008 392 989	432 ELIZABETH STREET, SURRY HILLS NSW 2010
MICHAEL HERSHON HOLDINGS PTY LIMITED ACN 008 399 737	432 ELIZABETH STREET, SURRY HILLS NSW 2010
FAMHER PTY LIMITED ACN 000 605 710	432 ELIZABETH STREET, SURRY HILLS NSW 2010
HERFAM MANAGEMENT PTY LIMITED ACN 000 156 981	432 ELIZABETH STREET, SURRY HILLS NSW 2010
LPO INVESTMENTS PTY LIMITED ACN 000 396 949	432 ELIZABETH STREET, SURRY HILLS NSW 2010
TOORANO PTY LIMITED ACN 002 105 615	432 ELIZABETH STREET, SURRY HILLS NSW 2010
WHEELMAR DISTRIBUTORS PTY LIMITED ACN 000 477 387	432 ELIZABETH STREET, SURRY HILLS NSW 2010
MELANIE HERSHON	54 KAMBALA ROAD, BELLEVUE HILL NSW 2023
JENNIFER HERSHON	22 VICTORIA ROAD, BELLEVUE HILL NSW 2023
PETER MILLER	48 TAMBOURINE BAY ROAD, LANE COVE NSW 2066
ITHUREL PTY LTD	22 VICTORIA ROAD, BELLEVUE HILL NSW 2023
OCTAVIA HOLDINGS PTY LTD	432 ELIZABETH STREET, SURRY HILLS NSW 2010

Signature

print name	PETER MILLER	DIRECTORcapacity
sign here		スコモdate.

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 $(1)$ 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.
• See the definition of "associate" in section 9 of the Corporations Act 2001. $(2)$
• 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. $(5)$
• $(6)$ Include details of:
  • $(a)$ 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 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 powers or disposal of $(b)$ 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 Act 2001.

• 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 $(7)$ 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 (eg. if the relevant interest arises because of an option) write "unknown". $(8)$
• Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $(9)$