HLE Glascoat Ltd

With reference to your email received dated April 25 2023 at 11:49 a.m. seeking our response regarding the significant movement in the price of our shares please be informed that there is no event information etc. (including price sensitive information and including impending announcement) which in the opinion of the Company may have a bearing on the price/ volume behaviour in the scrip of the Company. The prices and volumes in the shares appear to be market driven.