HUGE GROUP LIMITED - Constitution of board committees

Constitution of board committees

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

CONSTITUTION OF BOARD COMMITTEES

In accordance with the JSE Listings Requirements, shareholders are
advised that the Board has made changes to the constitution of its
committees (Committees), which will take effect from 29 July 2020.

In making these changes, the Company has taken into account the
unique skills and experience of each director, the requirements of the
Board and the recommendations of the King IV Report on Corporate
Governance (King IV). The Board is satisfied that the membership of its
Committees complies with the recommended practices of King IV.

Following implementation, the Committees will be constituted as follows:

Audit Committee

Dennis Gammie (Chairman)1
Brian Armstrong1
Stephen Tredoux1
Craig Lyons1

Nomination Committee

Dennis Gammie (Chairman)1
Stephen Tredoux1
Vincent Mokholo2

Social & Ethics Committee

Stephen Tredoux (Chairman)1
Craig Lyons1
Vincent Mokholo2
Andy Openshaw3
Samantha Sequeira3

1   Independent Non-Executive Director
2   Non-Executive Director
3   Executive Director

Risk Committee

Dennis Gammie (Chairman)1
Stephen Tredoux1
Brian Armstrong1
Craig Lyons1
James Herbst3
Andy Openshaw3
Samantha Sequeira3

Remuneration Committee

Duarte da Silva (Chairman)1
Dennis Gammie1
Brian Armstrong1
Vincent Mokholo2

Investment Committee

Duarte da Silva (Chairman)1
Craig Lyons1
Brian Armstrong1
James Herbst3
Andy Openshaw3
Samantha Sequeira3

1   Independent Non-Executive Director
2   Non-Executive Director
3   Executive Director

Dr da Silva was previously party to a consulting services agreement
where Huge was the counterparty. This agreement came to an end on
5 May 2020. The Nomination Committee has considered the impact of
the termination of this agreement on Dr da Silva’s status as a director,
after taking into account the requirements of independence in terms of
King IV, and has come to the conclusion that Dr da Silva’s status has
changed from non-executive director to independent non-executive
director with effect from 29 July 2020.

Johannesburg
29 July 2020

Sponsor
Nedbank Corporate and Investment Banking Ltd






Date: 29-07-2020 04:07:00
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