SCHOOLBLAZER LIMITED — Major Shareholding Notification 2020

Jan 5, 2020

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme		HGL LIMITED	(ASK:	HNG)
ACNARSN		961
1. Details of substantial holder(1)
NameACN/ARSN (if applicable)	JEE	ANNEXURE	$\mathcal{A}$
There was a change in the interests of thesubstantial holder onThe previous notice was given to the company onThe previous notice was dated		20

The 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)
YC	$c$ 201002	25.5%	809

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:

SEE 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

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

6. Addresses

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

Name			Address
	EF	ANNEXURE

Signature

	print name $DAVID$ CONSTABLE	capacity DIRECTOR
sign here	autonotable		date $6/1/2020$

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 anequity trust), the names could be included in an ann $(1)$ 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. $(4)$
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(5)$
• $(6)$ 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 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 $(b)$ 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.

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 $(7)$ 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". $(8)$

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

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

Signed:

Date:

$6.01.2020$

Details of substantial holder

• Supervised Investments Australia Limited ACN: 125 580 305 (SIAL)
• Donus Australia Foundation Limited ABN: 396 171 227 46 (Donus)
• Mr David Constable (DC)
• Dr Ida Constable (IC)
• · IJV Investments Pty Ltd ACN: 162 906 296 (IJV)

Auconstala

• Kitwood Pty Ltd ACN: 010 205 099 (Kitwood)
• Fayrstede Pty Ltd ACN: 117 528 364 ATF The Cooper Superannuation Fund (Fayrstede)

This is Annexure B of 2 pages referred to in ASIC Form 604 (Notice of Change of Interests of Substantial Holder)

Signed: Dulonstable

Date:

$6.01.2020$

	Person whose relevant			Consideration given
Date of change	interest changed	Nature of change	FPO change	in relation to change
6/1/19	IC	On-market purchase	45,000	$16,264.80
31/12/19	IC	On-market purchase	76,312	$28,300.78
27-12-19	IC	On-market purchase	18,202	$6,770.24
19-12-19	IC	On-market purchase	22,785	$8,202.60
$17 - 12 - 19$	IC	On-market purchase	2,215	$890.90
17-12-19	IC	On-market purchase	25,000	$9,376.50
12-12-19	IC	On-market purchase	19,139	$6,890.04
$11 - 12 - 19$	IC	On-market purchase	4,232	$1,481.20
$10 - 12 - 19$	IC	On-market purchase	10,500	$3,675.00
06-12-19	IC	On-market purchase	16,129	$5,769.24
22-11-19	Kitwood	On-market purchase	16,835	$5,555.55
13-11-19	Kitwood	On-market purchase	8,190	$2,702.70
30-10-19	Kitwood	On-market purchase	1,288	$551.54
25-10-19	IC Invest	On-market purchase	20,000	$6,526.50
17-10-19	Donus	On-market purchase	717	$252.33
16-10-19	Donus	On-market purchase	4,000	$1,407.70
14-10-19	Donus	On-market purchase	15,000	$5,278.88
$10-10-19$	Donus	On-market purchase	12,744	$4,585.48
11-09-19	Donus	On-market purchase	19,400	$6,019.53

10-09-19	Donus	On-market purchase	58,037	$18,117.97
26-08-19	Donus	On-market purchase	6,406	$2,370.22
23-08-19	Donus	On-market purchase	23,594	$8,749.73
19-08-19	Donus	On-market purchase	305	$115.90
05-08-19	Donus	On-market purchase	24,190	$9,192.20
02-08-19	Donus	On-market purchase	15,505	$5,911.85
23-07-19	DC	DRIP	5,061	N/A
23-07-19	Donus	DRIP	6,550	N/A
$23 - 07 - 19$	SIAL	DRIP	120,311	N/A
23-07-19	Kitwood	DRIP	34,994	N/A
23-07-19	IJV	DRIP	129,719	N/A
$23 - 07 - 19$	IC	DRIP	13,766	N/A
05-03-19	Donus	On-market purchase	107,602	$45,983.37
05-03-19	LL	On-market sale	$-110,000$	($46,235.75)
05-03-19	SIAL	On-market purchase	3,156	$1,345.72
28-02-19	SIAL	On-market purchase	3,601	$1,535.48
26-02-19	SIAL	On-market purchase	2,971	$1,266.85

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

Signed:

Queenstaba

Date: $6.01.2020$

Present relevant interests

Holder of relevantinterest	Registered holderof securities	Person entitled tobe registered asholder	Nature ofrelevant interest	Number ofFPO sharesand votes
SIAL, Mr DavidConstable, Dr IdaConstable,Fayrstede	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. DavidConstable, IdaConstable andFayrstede have arelevant interestin SIAL.	6,063,676
Donus AustraliaFoundation Limited	Donus AustraliaFoundation Limited	Donus AustraliaFoundation Limited	A charitable trustwhose director isDr Ida Constable.	582,000
Dr Ida Constable	Dr Ida Constable	Dr Ida Constable	Holder of shares.	953,280
Mr David Constable	Mr David Constable	Mr David Constable	Holder of shares.	255,061
Kitwood	Kitwood	Kitwood	Holder of shares.	1,790,000
IJV	IJV	IJV	Holder of shares.	6,537,792

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

Signed:

Diconstale

Date:

$6.01.2020$

Addresses

Name	Address
HGL Limited	68-72 Waterloo Road, Macquarie Park NSW 2113
SIAL	GPO Box 4380, Sydney, NSW 2001
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
Donus Australia	20 Chandos Street, St Leonards NSW 2065
Foundation Limited
Kitwood	20 Chandos Street, St Leonards NSW 2065
IJV	20 Chandos Street, St Leonards NSW 2065