SCHOOLBLAZER LIMITED — Major Shareholding Notification 2018

Feb 18, 2018

		Form 604Corporations Act 2001Section 671B
	Notice of change of interests of substantial holder
To Company Name/Scheme
	HGL LIMITED (ASX: HNG)009 657 961
1. Details of substantial holder(1)
Name	$S\epsilon\epsilon$	ANNEXURE A
ACN/ARSN (if applicable)
There was a change in the interests of thesubstantial holder on
The previous notice was given to the company onThe previous notice was dated
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 r

Class of securities (4)	Previous notice		Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
ORDSHARES	12,550,748	$\sqrt{a}$		306

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

Date ofchange	Person whoserelevant interestchanged	Nature ofchange (6)	Considerationgiven in relationto change (7)	Class andnumber ofsecuritiesaffected	Person's votesaffected
	FF	ANNEXURE B

4. Present relevant interests

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

Holder ofrelevantinterest	Registeredholder ofsecurities	Person entitledto be registeredas holder (8)	Nature ofrelevantinterest (6)	Class andnumber ofsecurities	Person's votes
	SEE	ANNEXURE C

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 votinginterests in the company or scheme are as fo

	Name and ACN/ARSN (if applicable)Nature of association
	No lengedeemedan associateSARAH CONSTABLE
	6. Addresses
	The addresses of persons named in this form are as follows:
	NameAddress
	SEEANNEXURE
	Signature
	print name MICHAEL OHLSJONCOMPANY SECRETARYcapacity
	date $(9/02/18)$
	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 anequity 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 theform.
(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:
	any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any(a)document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme orarrangement, 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(b)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, becom'eentitled 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 beincluded 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 whomthe relevant interest was acquired.
(8)	If the substantial holder is unable to determine the identity of the person (eq. 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.

This is Annexure A of 1 page referred to in ASIC Form 604 (Notice of Change of Interests of Substantial Holder)

signed: MiddOlns

Date:

$19 - 2 - 18$

Details of substantial holder

• Supervised Investments Australia Limited ACN: 125 580 305 (SIAL)
• Mr David Constable (DC)
• Dr Ida Constable (IC)
• Mrs Lola Lichter (LL)
• · IJV Investments Pty Ltd ACN: 162 906 296 (IJV)
• Kitwood Pty Ltd ACN: 010 205 099 (Kitwood)
• Fayrstede Pty Ltd ACN: 117 528 364 ATF The Cooper Superannuation Fund (Fayrstede)

Page 1 of 1

This is Annexure B of 3 pages referred to in ASIC Form 604 (Notice of Change of Interests of Substantial Holder)

Signed:

Millouna

Date: $19.2.18$

	Person whose			Considerationgiven in
	relevant interest		FPO	relation to
Date of change	changed	Nature of change	change	change
16/02/2018	SIAL	On-market purchase	88,551	$39,839.14
9/02/2018	SIAL	On-market purchase	13,355	$5,342.00
8/02/2018	SIAL	On-market purchase	23,014	$10,126.16
7/02/2018	SIAL	On-market purchase	4,508	$1,983.52
2/02/2018	SIAL	On-market purchase	4,000	$1,720.00
1/02/2018	SIAL	On-market purchase	1,185	$509.55
31/01/2018	SIAL	On-market purchase	2,600	$1,118.00
26/01/2018	Kitwood	DRIP	50,113	N/A
25/01/2018	IJV	DRIP	198,434	N/A
24/01/2018	SIAL	DRIP	130,813	N/A
23/01/2018	SIAL	On-market purchase	25,000	$11,500.00
17/01/2018	SIAL	On-market purchase	30,000	$14,100.00
20/10/2017	DC	On-market purchase	18,991	$8,451.00
16/10/2017	DC	On-market purchase	10,000	$5,000.00
13/10/2017	SIAL	On-market purchase	2,924	$1,462.00
12/10/2017	SIAL	On-market purchase	1,250	$625.00
11/10/2017	SIAL	On-market purchase	8,000	$4,000.00
10/10/2017	SIAL	On-market purchase	8,000	$4,000.00

Page 1 of 3

9/10/2017	SIAL	On-market purchase	4,000	$2,000.00
5/10/2017	SIAL	On-market purchase	2,342	$1,171.00
4/10/2017	SIAL	On-market purchase	3,484	$1,638.32
29/09/2017	SIAL	On-market purchase	31,198	$15,599.00
29/09/2017	SIAL	On-market purchase	16,457	$8,228.50
27/09/2017	SIAL	On-market purchase	8,543	$4,271.50
19/09/2017	IC	On-market purchase	7,212	$3,750.24
12/09/2017	IC	On-market purchase	$\overline{2}$	$1.08
28/08/2017	IC	On-market purchase	5,000	$2,744.28
9/08/2017	IC	On-market purchase	2,000	$1,120.00
8/08/2017	IC	On-market purchase	5,786	$3,240.16
20/07/2017	Kitwood	DRIP	79,412	N/A
19/07/2017	IJV	DRIP	131,382	N/A
13/06/2017	Kitwood	On-market purchase	3,658	$2,194.80
31/05/2017	IC	On-market purchase	20,000	$11,800.00
31/05/2017	IC	On-market purchase	10,128	$5,975.52
25/05/2017	SIAL	On-market purchase	70,000	$42,000.00
22/05/2017	Kitwood	On-market purchase	2,500	$1,375.00
19/05/2017	Kitwood	On-market purchase	486	$277.02
19/05/2017	Kitwood	On-market purchase	2,842	$1,477.84
18/05/2017	Kitwood	On-market purchase	5,514	$3,142.98
18/05/2017	Kitwood	On-market purchase	2,358	$1,344.06
17/05/2017	Kitwood	On-market purchase	7,000	$3,990.00
15/05/2017	Kitwood	On-market purchase	1,800	$990.00
12/05/2017	Kitwood	On-market purchase	8,842	$4,686.26
10/05/2017	Kitwood	On-market purchase	8,732	$4,889.92
5/05/2017	Kitwood	On-market purchase	2,500	$1,375.00
3/05/2017	IC	On-market purchase	7,224	$3,973.20
28/04/2017	IC	On-market purchase	3,913	$2,152.15
27/04/2017	IC	On-market purchase	8,863	$4,874.65

$\bar{x}$

Page 2 of 3

24/04/2017	IC	On-market purchase	2,201	$1,254.57
19/04/2017	IC	On-market purchase	20,000	$11,422.01
11/04/2017	IC	On-market purchase	5,359	$3,108.22
10/04/2017	IC	On-market purchase	11,694	$6,782.52
31/03/2017	LL	On-market purchase	4,643	$2,600.08
29/03/2017	LL	On-market purchase	2,500	$1,400.00
28/03/2017	LL	On-market purchase	1,100	$616.00
23/03/2017	LL	On-market purchase	1,757	$983.92
7/02/2017	IC	On-market purchase	7,771	$4,118.63
3/02/2017	IC	On-market purchase	31,560	$17,266.80

Page 3 of 3

This is Annexure C of 1 page referred to in ASIC Form 604 (Notice of Change of Interests of Substantial Holder)

Signed: Win (Ohlm

Date: $19 - 2.18$

Present relevant interests

Holder of relevantinterest	Registered holderof securities	Person entitled tobe registered asholder	Nature ofrelevant interest	Number ofFPO sharesand votes
SIAL	JP MorganNominees AustraliaLimited (JPM) ascustodian of TheSupervised Fund(TSF)	Equity Trustees(EQT) as trustee forTSF	SIAL has thepower to controlsecurities asinvestmentmanager of TSFby appointmentof EQT	4,621,609
SIAL	Armada Trading PtyLtd (Armada)	SIAL	Relevant interestin options ofArmada's FPO inHGL	91,934
SIAL	Trina InvestmentsPty Ltd (Trina)	SIAL	Relevant interestin options ofTrina's FPO inHGL	23,361
Dr Ida Constable	Dr Ida Constable	Dr Ida Constable	Holder of shares	670,128
Mr David Constable	Mr David Constable	Mr David Constable	Holder of shares	28,991
Mrs Lola Lichter	Mrs Lola Lichter	Mrs Lola Lichter	Holder of shares	110,000
Kitwood	Kitwood	Kitwood	Holder of shares	1,664,525
IJV	IJV	IJV	Holder of shares	6,408,073

Page 1 of 1

This is Annexure D of 1 page referred to in ASIC Form 604 (Notice of Change of Interests of Substantial Holder)

Signed: MialoHro

Date: $19.2.18$

Addresses

Name	Address
HGL Limited	68-72 Waterloo Road, Macquarie Park NSW 2113
SIAL	Suite 701, 65 York Street, Sydney NSW 2000
EQT	Level 2, 575 Bourke Street, Melbourne Victoria 3000
JPM	Locked Bag 7, Royal Exchange NSW 1225
Fayrstede	PO Box 718, Moss Vale NSW 2677
Mr David Constable
Dr Ida Constable
Mrs Lola Lichter
Kitwood	20 Chandos Street, St Leonards NSW 2065
IJV	20 Chandos Street, St Leonards NSW 2065
Trina and Armada	C/- Barry Mendal Frank Group, Lvl 53, 19 Martin Place, Sydney NSW 2000

Page 1 of 1