SCHOOLBLAZER LIMITED — Share Issue/Capital Change 2003

Feb 9, 2003

ASIC registered agent number				284	page 1 /1	21 July 2001
lodging party or agent name Peter S Caldelis
office, level, building name or PO Box no. GPO Box 4406
	street number & name Level 5, 34 Hunter Street
	suburb/city Sydney	state/territory NSW	postcode 2001
telephone	-002 9221 7155					ASS.
facsimile	02 9233 2713					REQ-A-REQ-PCASH.
DX number		suburb/city				PROC.
	Australian Securities & Investments Commission
	Notification ofshare cancellation			form 284258E(2) & (3)	Corporations Act 2001	254Y, 254J, 256A - 256E, 257H(3), 258D,
Company name	HGL Limited
	ACN 009 657 961
Shares cancelled under which provision
(tick box applicable)	$\perp$ S.254Jredeemed out of profitsRedeemable preference shares				redeemed out of proceeds of a fresh issue of shares.
	S.256A-S.256E$[X]$ ss.257H(3)S.258Dss.258E(2) & (3)	Capital reductionShares a company has bought backForfeited sharesShares returned to a company	under section 651C, 724(2), 737, or 738under section 1325A (court order).
other, give sect in ref-		(description)
Details of shares cancelled
	Number of Shares	Class of Shares	Consideration Paid (total)
	9,000	Ordinary Shares	$10,350.00
Date of registration of cancellation 10 / 02 / 2003		or period of cancellation from7	T10	to complete this form		Smail Business (less than 20 employees),please provide an estimate of the time taken
Signature	I certify that the information on this form is true and correct.				IncludeThe time actually spent reading theinstructions, working on the questionand obtaining the informationThe time spent by all employees incollecting and providing thisinformation
print name	Peter S CaldelisSecretarycapacity
sign here	02/2003date $107$				行 S	mins

GUIDE This guide does not form part of the prescribed form and is included by ASIC to assist you in completing and lodging form 284.

Signature	This form must be signed by a director or secretary of the company.
Lodging period	Within 1 month after registering the cancellation.Late lodging fees will apply thereafter.After 1 month$65More than 1 month$260ciencially, a form is not regarded as being lodged until it is received and accepted by ASIC as being in compliance with s1274(8)of the Corporations Act 2001.
Lodging Fee	Nil.A receipt will not be issued unless requested.
Other forms to becompleted	$\rm \dot{M}_{\rm eff}$
Additional informationNil.
Send to	Australian Securities & Investments CommissionPO Box 4000
Annexures	Gippsland Mail Centre VIC 3841To make any annexure conform to the regulations, you must1 use A4 size paper of white or light pastel colour with a margin of at least 10mm on all sides2 show the corporation name and ACN or ARBN3 number the pages consecutively4 print or type in BLOCK letters in dark blue or black ink so that the document is clearly legible whenphotocopied5 identify the annexure with a mark such as $A$ , $\mathbb{R}$ , $C$ , etc6 endorse the annexure with the words:This is annexure (mark) of (number) pages referred to in form them number and title)7 sign and date the annexureThe annexure must be signed by the same person(s) who signed the form.

Information in this guide is intended as a guide only. Please consult your accountant or solicitor for further advice.