HUG - Huge - Cautionary Announcement

HUG - Huge - Cautionary Announcement                                            
HUGE GROUP LIMITED                                                              
(formerly Vanquish Fund Managers Limited)                                       
(Registration number 2006/023587/06)                                            
Share code: HUG & ISIN: ZAE000102042                                            
("Huge" or "the company")                                                       
CAUTIONARY ANNOUNCEMENT                                                         
Arcay Moela Sponsors (Pty) Limited are authorised to announce that Huge has     
entered into further negotiations with additional parties where the subject     
matter of such negotiations is not related to the acquisition by Huge of 59% of 
the ordinary shares in iTalk Cellular (Pty) Limited.  These negotiations are in 
addition to current negotiations being undertaken by Huge in relation to its    
acquisition of iTalk and the further cautionary announcement released on SENS on
29 February 2008.                                                               
Shareholders are advised that the further information referred to in the        
cautionary announcement released on SENS on 29 February 2008 will be released   
shortly.                                                                        
The additional negotiations referred to may have an effect on the share price of
Huge and accordingly, shareholders are advised to exercise caution when dealing 
in their shares until a further announcement is made.                           
Woodmead                                                                        
10 March 2008                                                                   
Corporate advisor                                                               
Manhattan Equity Corporate Finance (Pty) Limited                                
Designated advisor                                                              
Arcay Moela Sponsors (Pty) Limited                                              
Date: 11/03/2008 07:45:06 Supplied by www.sharenet.co.za                     
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