SCHOOLBLAZER LIMITED — Major Shareholding Notification 2016

Dec 21, 2016

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)
Name	SERY PTY LIMITED ("SERY") AND EACH OF THE OTHER PERSONS SET OUT IN (6)(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	20/12/2016
The previous notice was given to the company on	22 / 09 / 2014
The previous notice was dated	22 / 09 / 2014

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
ORDINARY	Persons' votes12,061,030	Voting power $(5)$22.353%	Person's votes13,144,401	Voting power $(5)$23.616%

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
	SEE ANNEXURE "A"

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 andnumber$\sigma$ fsecurities	Person's votes
SERY PTY LIMITED.MICHAEL HERSHONHOLDINGS PTYLIMITED, FAMHERPTY LIMITED.HERFAMMANAGEMENT PTYLIMITED, LPOINVESTMENTS PTYLTD, TOORANO PTYLIMITED, WHEELMARDISTRIBUTORS PTYLTD, PETER MILLER,JENNIFER HERSHON.ITHURIEL PTY LTD	SERY PTY LIMITED -9,807,767 SHARESLPO INVESTMENTS PTY$LTD -$1,880,431 SHARESWHEELMAR DISTRIBUTORSPTY LTD - 46,817 SHARESPETER MILLER - 48,694SHARESJENNIFER HERSHON -1,007,469 SHARESITHURIEL PTY LTD - NILSHARES	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 LTDJENNIFER HERSHON IS A	13,144,401SHARES	13,144,401
OCTAVIA HOLDINGSPTY LTDMAJAHINVESTMENTS PTYLTDCOMSERV (NO. 264)PTY LTD	OCTAVIA HOLDINGS PTYLTD - 153,223 SHARESMAJAH INVESTMENTS PtvLtd 100,000 SHARESCOMSERV (NO. 264) PTYLTD - 100,000 SHARES		DIRECTOR OF OCTAVIAHOLDINGS PTY LTDJENNIFER HERSHON IS ADIRECTOR OF MAJAHINVESTMENTS PTY LTDPETER MILLER IS ADIRECTOR OF COMSERV (NO.264) 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
MAJAH INVESTMENTS PTY LTD A.C.N 113 650 310	JENNIFER HERSHON IS A DIRECTOR AND SHAREHOLDER
COMSERV (NO. 264) PTY LTD A.C.N 001 457 629	PETER MILLER IS A DIRECTOR AND SHAREHOLDER

6. Addresses

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

Name	Address
SERY PTY LIMITED ACN 008 392 989MICHAEL HERSHON HOLDINGS PTY LIMITED ACN 008 399 737FAMHER PTY LIMITED ACN 000 605 710HERFAM MANAGEMENT PTY LIMITED ACN 000 156 981LPO INVESTMENTS PTY LIMITED ACN 000 396 949TOORANO PTY LIMITED ACN 002 105 615WHEELMAR DISTRIBUTORS PTY LIMITED ACN 000 477 387MELANIE HERSHONJENNIFER HERSHONPETER MILLERITHUREL PTY LTDOCTAVIA HOLDINGS PTY LTDMAJAH INVESTMENTS PTY LTDCOMSERV (NO. 264) PTY LTD	20 CHANDOS STREET, ST LEONARDS NSW 206520 CHANDOS STREET, ST LEONARDS NSW 206520 CHANDOS STREET, ST LEONARDS NSW 206520 CHANDOS STREET, ST LEONARDS NSW 206520 CHANDOS STREET, ST LEONARDS NSW 206520 CHANDOS STREET, ST LEONARDS NSW 206520 CHANDOS STREET, ST LEONARDS NSW 20651/101 DARLING POINT RD, DARLING POINT NSW 202722 VICTORIA ROAD, BELLEVUE HILL NSW 202348 TAMBOURINE BAY ROAD, LANE COVE NSW 206622 VICTORIA ROAD, BELLEVUE HILL NSW 202320 CHANDOS STREET, ST LEONARDS NSW 206520 CHANDOS STREET, ST LEONARDS NSW 206520 CHANDOS STREET, ST LEONARDS NSW 2065

		100.00	604page $3/3$	15 July 2001
Signature
	print name	PETER MILLER	DIRECTORcapacity
	sign here		$_{\text{date}}21/12/2016$
		DIRECTIONS

• $(1)$ 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 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 sections 608 and 671B(7) of the Corporations Act 2001.
• The voting shares of a company constitute one class unless divided into separate classes. $(4)$
• $(5)$ 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 671B(4) applies, a $(a)$ 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
  • $(b)$ 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 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 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". $(8)$
• $(9)$ Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

Annexure "A"
	3. Changes in relevant interests
Date of	Person whos relevant	Nature of	Consideration	Class and	Person's votes affected
Change	interest changed	change (6)	given in relation	number of
			to change (7)	securities affected
	21/10/14 Jennifer Hershon
	3/11/14 Jennifer Hershon	Purchase on market		0.40 Ord 50000	Jennifer Hershon
		Purchase on market		0.40 Ord 18000	Jennifer Hershon
	5/11/14 Jennifer Hershon	Purchase on market		0.40 Ord 5983	Jennifer Hershon
	6/11/14 Jennifer Hershon	Purchase on market		0.40 Ord 17	Jennifer Hershon
	3/12/14 Jennifer Hershon	Purchase on market		0.40 Ord 26000	Jennifer Hershon
	5/2/15 Sery Pty Ltd	Purchase on market		0.31 Ord 316000	Sery Pty Ltd
	11/3/15 Sery Pty Ltd	Sold off market		0.31 Ord 200000	Sery Pty Ltd
	11/3/15 Majah Investments Pty Ltd	Purchase off market		0.31 Ord 100000	Majah Investments Pty Ltd
	11/3/15 Comserv (No 264) Pty Ltd	Purchase off market		0.31 Ord 100000	Comserv (No 264) Pty Ltd
	18/12/15 Sery Pty Ltd	DRP		0.49 Ord 284639	Sery Pty Ltd
	18/12/15 Wheelmar Distributors Pty Ltd	DRP		0.49 Ord 1359	Wheelmar Distributors Pty Ltd
	18/12/15 LPO Investments Pty Ltd	DRP		0.49 Ord 54574	LPO Investments Pty Ltd
	18/12/15 Jennifer Hershon	DRP		0.49 Ord 23669	Jennifer Hershon
	18/12/15 Ithuriel Pty Ltd	DRP		0.49 Ord 2669	Ithuriel Pty Ltd
	18/12/15 Octavia Holdings Pty Ltd	DRP		0.49 Ord 4447	Octavia Holdings Pty Ltd
	18/12/15 Peter Miller	DRP		0.49 Ord 1414	Peter Miller
	20/6/16 Ithuriel Pty Ltd	Sold off market		0.45 Ord 89827	Ithuriel Pty Ltd
	20/6/16 Jennifer Hershon	Purchase off market		0.45 Ord89827	Jennifer Hershon
	19/7/16 Sery Pty Ltd	DRP		0.426 Ord 224950	Sery Pty Ltd
	19/7/16 Wheelmar Distributors Pty Ltd	DRP		0.426 Ord 1074	Wheelmar Distributors Pty Ltd
	19/7/16 LPO Investments Pty Ltd	DRP		0.426 Ord 43130	LPO Investments Pty Ltd
	19/7/16 Jennifer Hershon	DRP		0.426 Ord 20814	Jennifer Hershon
	19/7/16 Octavia Holdings Pty Ltd	DRP		0.426 Ord 3515	Octavia Holdings Pty Ltd
	19/7/16 Peter Miller	DRP		0.426 Ord 1117	Peter Miller