SCHOOLBLAZER LIMITED — Major Shareholding Notification 2014

Jan 16, 2014

17 January 2014

Our Ref RJT/NGP

The Manager Company Announdements Australian Stock Exchange Limited Level 4 20 Bridge Street SYDNEY NSW 2000

Dear Manager

HGL Limited ACN 009 657 961 (HNG) Form 604: Notice of change in interests of substantial holder

Please find attached a revised Form 604: Notice of change in interests of substantial holder for Mrs Ida Constable, IJV Investments Pty Limited and their associate s.

There are two corrections to the Form 604, being:

• the registered holder of the 30,000 ordinary shares in which Licon Trading has a $11$ relevant interest has been changed to Bell Potter Nominees Ltd; and
• the registered holder of the 1,632,690 ordinary share in which I icon Trading has a $2.$ relevant interest has been changed to JP Morgan Nominees Australia Ltd.

Yours faithfully Henry Davis/York Robert Tracy

Partner Tel No +61 2 994 $\sharp$ 6309 Email robert_tra¢y@hdy.com.au

encl

15260407 1

ఛిస్ట

T-121 P.002/005 F-271

604 page 1/2 15 July 2001

Form 604

Corporations Act 2001 Section 671B

Notice of change in interests of substantial holder

To Company Name/Scheme	HGL Limited (HNG)
ACN/ARSN	009 657 961
1. Details of substantial holder (1)
Name	Mrs Ida Constable, IJV Investments Pty Limited (ACN 162 908 296), Licon Trading, Mr DavidConstable, Kitwood Pty Ltd, Mr Joseph Constable, Ms Sarah Constable, Ms Loia Lichter, Ms VirginiaLittle and Mr Julian Constable.
ACN/ARSN (if applicable)	As above
There was a change in the interests of thesubstantial holder on	21/03/2013
The previous notice was given to the company on	21/03/2013
The previous notice was dated	21/03/2013

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:

	Previous notice		Present notice
Class of securities (4)	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Ordinary shares	6.025.007	10.58%	8.654.697	15.22%

3. Changes in relevant interests

Particulars of each change in, o∥ change in the nature of, a relevant interest of the substantial holde⊢or an associate in voting securitiesof the company or scheme, since the substantial holder was last required to give

Date ofchange	Person whoserelevant interestchanged	Nature of change(6)	Considerationgiven in relation.to change (7)	Clas: andnumi er ofsecu itiesaffec ed	Person's votesaffected
21/03/2013	Licon Trading	Relevant interestsin shares heldthroughSupervisedInvestmentsAustralia Limitedas trustee of TheSupervised Fund$($ s608 $(3)$ $($ a $)$ of theCorporations Act)	$1,303,628.70	1,63. 690ordin aryshan i s	1,632,690votes
21/03/2013	Licon Trading	Holder of shares(s608(1)(a))	$32,276.55	30.000ordinaryshan is	30,000 votes
21/03/2013	Mrs Ida Constable	Relevant interestin shares in whichLicon Trading hasa relevant interestas the controller ofLicon Trading(s608(3)(b))	As above	1,66.1690ordin arvshan is	1.662,690votes

6(4 page 2/2 15 July 2001

21/03/2013	Kitwood Pty Ltd	Holder of shares(s608(1)(a))	$508,687.89	866, 100ordir aryshar es	866,000 votes
21/03/2013	Mr David Constable	Relevant interestsin shares in whichKitwood Pty Ltdhas a relevantinterest as thecontroller ofKitwood Pty Ltd(s608(3)(b))	As above	866, 100ordir aryshar >s	866,000 votes
21/03/2013	Mr JosephConstable	Holder of shares(5608(1)(a))	$20,805.08	38,010ordir arvshar is	38,000 votes
21/03/2013	Ms Sarah Constable	Holder of shares$($ $608 $(1)(a)$	$20,749.60	38.010ordir aryshar is	38,000 votes
21/03/2013	Ms Lola Lichter	Holder of shares(5608(1)(a))	$35,568.09	25,010ordir aryshar∺s	25,000 votes

4. Present relevant interests

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

Holder ofrelevantinterest	Registered holder ofsecurities	Person entitledto be registeredas holder (8)	Nature ofrelevantinterest (6)	Clas Landnum i er ofsecu ities	Person's votes
IJVInvestmentsPty Limited	IJV Investments PtyLimited	IJV InvestmentsPty Limited	Holder ofshares(s608(1)(a))	5.58 653ordir arvshar ' s	5,582,653votes
Licon Trading	JP Morgan NomineesAustralia Ltd	SupervisedInvestmentsAustralia Limitedas trustee forThe SupervisedFund	Relevantinterest inshares heldthroughSupervisedInvestmentsAustraliaLimited(5608(3)(a))	1,63.1690ordir aryshan is	1.632.690votes
Licon Trading	Bell Potter NomineesLtd	Licon Trading	Holder ofshares(s608(1)(a))	30,0HQordin aryshan s	30,000 votes
Mrs IdalConstable	Mrs Ida Constable, IJVInvestments Pty Limitedand SupervisedInvestments AustraliaLimited as trustee forThe Supervised Fund	Mrs IdaConstable, IJVInvestments PtvLimited andSupervisedInvestmentsAustralia Limitedas trustee forThe SupervisedFund	Relevantinterest inshares heldthrough IJVInvestmentsPty Limitedand LiconTrading(s608(3)(b)).	7,24:343ordin arvshan s	7,245,343votes
Mrs IdaConstable	Mrs Ida Constable	Mrs IdaConstable	Holder ofshares(s608(1)(a))	275.00ordin aryshan s	275,000 votes
Ms VirginiaLittle	Ms Virginia Little	Ms Virginia Little	Holder ofshares(s608(1)(a))	122, 29ordin aryshan s	122,729votes
Mr JulianConstable	MrlJulian Constable	Mr JulianConstable	Holder ofshares(s608(1)(a))	44.OUDordin arvshan 5	44,000 votes
Mr JulianConstable astrustee forAbbyConstable	Mr Julian Constable astrustee for AbbyCohstable	Mr JulianConstable astrustee for AbbyConstable	Holder ofshares(s608(1)(a))	625 rdinaryshan :s	625 votes

614 page 3/2 15 July 2001

Kitwood PtyLtd	Kilwood Pty Ltd	Kitwood Pty Ltd	Holder ofshares$($ 5608 $(1)(a)$	866.300ordi⊮arvshai as	866,000 votes
Mr DavidConstable	Kitwood Pty Ltd	Kitwood Pty Ltd	Relevantinterest inshares held byKitwood PtyLtd ascontroller ofKitwood PtyLtd(5608(3)(b))	866, 300ordii aryshares	866,000 votes
Ms LolaLichter	Ms Lola Lichter	Ms Lola Lichter	Holder ofshares(s608(1)(a))	25.010ordir arvshar :s	25,000 votes
Ms SarahConstable	Ms Sarah Constable	Ms SarahConstable	Holder ofshares(s608(1)(a))	38.010ordir arvshar:s	38,000 votes
Mr JosephConstable	Mr Joseph Constable	Mr JosephConstable	Holder ofshares$($ s608(1)(a))	38.010ordir aryshar i s	38,000 votes

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 fo

Name and ACN/ARSN (if applicable)	Nature of association
Licon Trading	Associate of Mrs Ida Constable as controlled by Mrs Ida Constable
Mr David Constable, Ms Lola Lichter, MsSarah Constable, Mr Joseph Constable,Kitwood Pty Ltd	Associates of Mrs Ida Constable

6. Addresses

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

Name	Address
IJV Investments Pty Limited	432 Elizabeth Street, Surry Hills 2010
Licon Trading	432 Elizabeth Street, Surry Hills 2010
Mrs Ida Constable	205 Gillards Road, Pokolbin 2320
Ms Virginia Little	15 Pindari Avenue, Mosman 2088
Mr Julian Constable	15 Eastgate Avenue, Killara 2071
Mr David Constable	205 Gillards Road, Pokolbin 2320
Supervised Investments Australia Limited	432 Elizabeth Street, Surry Hills 2010
Ms Loia Lichter	45 Seymour Road, Elsternwick 3185
Ms Sarah Constable	432 Elizabeth Street, Surry Hills 2010
Mr Joseph Constable	432 Elizabeth Street, Surry Hills 2010
Kitwood Pty Ltd	432 Elizabeth Street, Surry Hills 2010
Licon Trading	432 Elizabeth Street, Surry Hills 2010
Bell Potter Nominees Ltd	Gpo Box 4718TT, Melbourne Vic 3001
JP Morgan Nominees Australia Ltd	Locked Bag 7, Royal Exchange NSW 1225

Signature print name capacity date $\prime$ sign here $\prime$

+61-2-99476985

60 4 page 4/2 15 July 2001

DIRECTIONS

• If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related $(1)$ 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 member : is clearly set out in paragraph 6 of the form.
• See the definition of "associate" in section 9 of the Corporations Act 2001. $(2)$
• $(3)$ See the definition of "relevant interest" in section 608 and 671B(7) of the Corporations Act : 001.
• $(4)$ 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. $(5)$
• $(5)$ Include details of:
  • any relevant agreement or other circumstances because of which the change in relevant interest occurred. If (a) 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 arrar gement; and
  • any qualification of the power of a person to exercise, control the exercise of, or i ifluence the exercise of, the voting $(b)$ powers or disposal of the securities to which the relevant interest relates (indicatin a 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 $(7)$ was acquired has, or may, become entitled to recelve 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 if any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid di ectly to the person from whom the relevant interest was adquired.
• If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an $(8)$ option) write "unknown"
• Give details, if appropraate, of the present association and any change in that association since the last substantial holding $(9)$ notice.