HUGE GROUP LIMITED - Revised salient dates and times pertaining to the Offer

Revised salient dates and times pertaining to the Offer

HUGE GROUP LIMITED
(Registration number 2006/023587/06)
Share code: HUG ISIN: ZAE000102042
(“Huge” or “the Company”)


REVISED SALIENT DATES AND TIMES PERTAINING TO THE OFFER

Adapt IT Shareholders are referred to the announcement released on SENS by
Huge on 16 April 2021, setting out inter alia, the salient dates and times
pertaining to the Offer. Using the terms defined therein, Adapt IT Shareholders
are advised that the salient dates and times in relation to the Offer have been
revised as follows:


                                                                                    2021

 General meeting of Huge shareholders to                                Tuesday, 13 July
 approve the Offer on or about

 Offer becomes wholly unconditional by no later                       Wednesday, 14 July
 than

 Finalisation date announcement published on                            Tuesday, 20 July
 SENS

 Last day to trade in Adapt IT Shares in order to                       Tuesday, 27 July
 participate in the Offer

 Adapt IT Shares trade “ex” the Offer                                 Wednesday, 28 July

 Record date to determine which Adapt IT                                 Friday, 30 July
 Shareholders may accept the Offer

 Offer closes at 12:00 on (“Closing Date”)                               Friday, 30 July

 Results of Offer to be announced on SENS                               Monday, 2 August

 Offer consideration credited to dematerialised                         Monday, 2 August
 Offer Participants’ account at CSDP or broker as
 per notes 5 and 6 below (“Settlement Date”)

 Offer consideration posted to certificated Offer                       Monday, 2 August
 participants (subject to receipt by Adapt IT’s
 transfer secretaries of documents of title on or
 prior to 12:00 on the Closing Date and a duly
 completed form of acceptance and transfer) as
 per notes 5 and 6 below

Notes:
1.  Certificated Adapt IT Shareholders are required to complete and return the form of
    acceptance and transfer in accordance with the instructions contained therein to be
    received by Adapt IT’s transfer secretaries by no later than 12:00 on the Closing Date.
2.  Any change to the above dates and times will be agreed upon by Huge and the
    Takeover Regulation Panel and Adapt IT Shareholders will be advised by release on SENS
    and, if required, publication in the South African press. All times indicated above are South
    African times.
3.  No dematerialisation or rematerialisation of Adapt IT Shares will take place between the
    trading ex-date and the record date, both days inclusive.
4.  Adapt IT Shareholders should note that acceptance of the Offer will, subject to paragraph
    3.7.2 of the Circular, be irrevocable.
5.  In the event that the fulfilment of the conditions precedent is unduly delayed, the above
    dates and times relating to the crediting and posting of the Offer consideration will be
    amended. Such amended dates and times will be announced on SENS and, if required,
    published in the South African press.
6.  Settlement of the Offer consideration will take place within six business days of the later of
    the date of the Offer being declared wholly unconditional and the date of acceptance
    of the Offer by Offer participants. The last day for settlement of the Offer consideration is
    the Settlement Date.

Responsibility Statement

The Board accepts responsibility for the information contained in this
announcement insofar as it relates to Huge. To the best of its knowledge and
belief, the information contained in this announcement is true and the
announcement does not omit anything likely to affect the importance of the
information.


Johannesburg
23 June 2021

Financial Advisor and Transaction Sponsor
Questco Proprietary Limited

Legal Advisor
Herbert Smith Freehills South Africa LLP

Date: 23-06-2021 09:47:00
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