SCHOOLBLAZER LIMITED — Major Shareholding Notification 2018

Mar 25, 2018

604 page 1/2 15 July 2001

Form604

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 Ltd ("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 22 / 3 / 2018

The previous notice was given to the company on 20 / 12 / 2016

The previous notice was dated 20 / 12 / 2016

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)	Person's votes	Voting power (5)
Ordinary	13,144,401	23.616%	15,480,805	26.45%

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 of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
See Annexure ‘A’

4. Present relevant interests

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

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
See Annexure ‘B’

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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
N/A

6. Addresses

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

Name	Address
COMSERV (NO 264) PTY LTD	PO BOX 226, ST LEONARDS NSW, 1590
JENNIFER ANN DRUMMOND
LPO INVESTMENTS PTY LIMITED	PO BOX 227, ST LEONARDS NSW, 1590
MAJAH INVESTMENTS PTY LTD	22 VICTORIA ROAD, BELLEVUE HILL NSW, 2023
MR PETER MILLER
OCTAVIA HOLDINGS PTY LTD	22 VICTORIA ROAD, BELLEVUE HILL NSW, 2023
SERY PTY LIMITED	PO BOX 227, ST LEONARDS NSW, 1590
WHEELMAR DISTRIBUTORS PTY LTD	PO BOX 227, ST LEONARDS NSW, 1590

Signature

print name: Peter Miller

sign here

Capacity: Director

Date: 26 / 03 / 2018

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.

(2) See the definition of "associate" in section 9 of the Corporations Act 2001.

(3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

(4) The voting shares of a company constitute one class unless divided into separate classes.

(5) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

(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

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.

(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".

(9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

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HGL Limited ACN 009 657 961

This is annexure A of 1 page referred to in form 604 "Notice of change of interests of substantial holder"

Peter Miller Director
Sery Pty Ltd
26/03/2018
Date

Annexure "A"

1. Change in relevant interests

Date of Change	Person who relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
24/01/2017	Comserv (No 264) Pty Ltd	DRP	0.5171	2,901	Comserv (No 264) Pty Ltd
24/01/2017	Jennifer Hershon	DRP	0.5171	26,324	Jennifer Hershon
24/01/2017	LPO Investments Pty Ltd	DRP	0.5171	54,548	LPO Investments Pty Ltd
24/01/2017	Octavia Holdings Pty Ltd	DRP	0.5171	4,445	Octavia Holdings Pty Ltd
24/01/2017	Peter Miller	DRP	0.5171	1,413	Peter Miller
24/01/2017	Sery Pty Ltd	DRP	0.5171	284,504	Sery Pty Ltd
	Wheelmar Distributors Pty				Wheelmar Distributors Pty
24/01/2017	Ltd	DRP	0.5171	1,359	Ltd
	Wheelmar Distributors Pty				Wheelmar Distributors Pty
19/07/2017	Ltd	DRP	0.5783	1,042	Ltd
19/07/2017	Sery Pty Ltd	DRP	0.5783	218,146	Sery Pty Ltd
19/07/2017	LPO Investments Pty Ltd	DRP	0.5783	41,825	LPO Investments Pty Ltd
19/07/2017	Jennifer Hershon	DRP	0.5783	20,185	Jennifer Hershon
19/07/2017	Octavia Holdings Pty Ltd	DRP	0.5783	3,409	Octavia Holdings Pty Ltd
19/07/2017	Peter Miller	DRP	0.5783	1,084	Peter Miller
19/07/2017	Comserv (No 264) Pty Ltd	DRP	0.5783	2,225	Comserv (No 264) Pty Ltd
19/07/2017	Majah Investments Pty Ltd	DRP	0.5783	2,162	Majah Investments Pty Ltd
23/01/2018	Sery Pty Ltd	DRP	0.4694	329,477	Sery Pty Ltd
	Wheelmar Distributors Pty				Wheelmar Distributors Pty
23/01/2018	Ltd	DRP	0.4694	1,573	Ltd
23/01/2018	LPO Investments Pty Ltd	DRP	0.4694	63,171	LPO Investments Pty Ltd
23/01/2018	Jennifer Hershon	DRP	0.4694	30,486	Jennifer Hershon
23/01/2018	Octavia Holdings Pty Ltd	DRP	0.4694	5,148	Octavia Holdings Pty Ltd
23/01/2018	Peter Miller	DRP	0.4694	1,636	Peter Miller
23/01/2018	Comserv (No 264) Pty Ltd	DRP	0.4694	3,360	Comserv (No 264) Pty Ltd
23/01/2018	Majah Investments Pty Ltd	DRP	0.4694	3,265	Majah Investments Pty Ltd
13/03/2018	Comserv (No 264) Pty Ltd	Purchase on market	0.4700	23,381	Comserv (No 264) Pty Ltd
16/03/2018	Comserv (No 264) Pty Ltd	Purchase on market	0.4700	9,335	Comserv (No 264) Pty Ltd
22/03/2018	Comserv (No 264) Pty Ltd	Purchase off market	0.4750	250,000	Comserv (No 264) Pty Ltd
22/03/2018	Peter Miller	Purchase off market	0.4750	50,000	Peter Miller
22/03/2018	Majah Investments Pty Ltd	Purchase off market	0.4750	250,000	Majah Investments Pty Ltd
22/03/2018	Sery Pty Ltd	Purchase off market	0.4750	650,000	Sery Pty Ltd

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HGL Limited

ACN 009 657 961

This is annexure B of 1 page referred to in form 604 "Notice of change of interests of substantial holder"

Peter Miller

Director

Sery Pty Ltd

26/03/2018

Date

Annexure "B"

4. Present relevant interests

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
Comserv (No 264) Pty Ltd	Comserv (No 264) Pty Ltd	Comserv (No 264) Pty Ltd	Holder of shares	391,202	391,202
Jennifer Hershon	Jennifer Hershon	Jennifer Hershon	Holder of shares	1,084,464	1,084,464
LPO Investments Pty Ltd	LPO Investments Pty Ltd	LPO Investments Pty Ltd	Holder of shares	2,039,975	2,039,975
Octavia Holdings Pty Ltd	Octavia Holdings Pty Ltd	Octavia Holdings Pty Ltd	Holder of shares	166,225	166,225
Peter Miller	Peter Miller	Peter Miller	Holder of shares	102,827	102,827
Sery Pty Ltd	Sery Pty Ltd	Sery Pty Ltd	Holder of shares	11,289,894	11,289,894
Wheelmar Distributors Pty Ltd	Wheelmar Distributors Pty Ltd	Wheelmar Distributors Pty Ltd	Holder of shares	50,791	50,791
Majah Investments Pty Ltd	Majah Investments Pty Ltd	Majah Investments Pty Ltd	Holder of shares	355,427	355,427