SCHOOLBLAZER LIMITED — Major Shareholding Notification 2015

Feb 12, 2015

$ASX$ 1-300 $135635$ $HGL$ 02 9233 2713

605 Page 1 of 2 15 July 2001

Form 605

Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme	HGL Limited (ASX: HNG)
ACN/ARSN	009 657 961

1. Details of substantial holder (1)

Name	Trina Investments Pty Ltd (ACN: 000 540 796), and Armada Trading Pty Ltd
ACN/ARSN (if applicable)	(ACN: 001 149 097)
The holder ceased to be a substantial holder onThe previous notice was given to the company onThe previous notice was dated	11/2/201523/9/201423/9/2014

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) in voting securitiesof the company or scheme, since the substantial holder was last required

Date ofchange	Person whoserelevant interestchanged	Nature of change (4)	Consideration given inrelation to change (5)	Class (6) andnumber ofsecurities affected	Person's votesaffected
3/2/2015	ArmadaTrading PtvLtd	On marketpurchase	$11,553.90	45,610 FPO	45,610
9/2/2015	ArmadaTrading PtyLtd	On Marketpurchase	$5,980.00	23,000 FPO	23,000

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) 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
Mrs Ida Constable, IJVInvestments Pty Ltd (ACN162 908 296), LiconTrading, Mr DavidConstable, Kitwood PtyLtd (ACN 010 205 099), MsLola Lichter, Ms VirginiaLittle, and SupervisedInvestments AustraliaLimited (ACN 125 850 305),Ms Sarah Constable, MrJoseph Constable.	Ceasing to an associate of Supervised Investments AustraliaLimited. Trina Investments Pty Ltd and Armada Trading Pty Ltd("The Holders") previously entered into an informal profitsharing arrangement with Supervised Investments AustraliaLimited with respect to The Holders investment in HGL Limited.This arrangement was terminated on 11/2/2015, therebyterminating their association.

4. Addresses

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

Name	Address
IJV Investments Pty Ltd	432 Elizabeth Street, Surry Hills, NSW, 2010
Licon Trading	432 Elizabeth Street, Surry Hills, NSW, 2010
Mrs Ida Constable	205 Gillards Road, Pokolbin 2320
Ms Virginia Little	15 Pindarl Avenue, Mosman 2088
Mr David Constable	205 Gillards Road, Pokolbin 2320
Supervised Investments AustraliaLimited	432 Elizabeth Street, Surry Hills, NSW, 2010
Ms Lola Lichter	45 Seymour Road, Elsternwick 3135
Mr Joseph Constable	432 Elizabeth Street, Surry Hills, NSW 2010
Ms Sarah Constable	432 Elizabeth Street, Surry Hills NSW 2010
Kitwood Pty Ltd	432 Elizabeth Street, Surry Hills NSW 2010
Trina Investments Pty Ltd	C/- Barry Mendal Frank Group, Level 53 MLC Centre, 19 Martin Place, Sydney NSW 2000
Armada Trading Pty Ltd	Q/- Barry Mendal Frank Group, Level 53 MLC Centre, 19 Martin Place, Sydney NSW 2000

Signature

$(1)$

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 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 4 of the form.
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $(2)$
• See the definition of "associate" in section 9 of the Corporations Act 2001. $(3)$
• $(4)$ Include details of:
  • any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) $(a)$ 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 the securities to which the relevant interest relates (indicating clearly the $(b)$

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 $(5)$ 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.
• The voting shares of a company constitute one class unless divided into separate classes. $(6)$
• Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $(7)$