HUG - Huge Group Limited - Cautionary Announcement

HUG - Huge Group Limited - 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 on 2 July    
2008 Huge entered into preliminary discussions with third parties involving the 
release of certain confidential information; this confidential information is   
being released in order for the parties to reach a decision on whether or not   
such discussions should lead to formal negotiations. At present the parties have
not entered into formal negotiations.                                           
In the event that these discussions lead to formal negotiations, the successful 
conclusion of those formal negotiations may have an effect on the share price of
Huge. Accordingly, shareholders are advised to exercise caution when dealing in 
their shares until a further announcement is made.                              
Woodmead                                                                        
4 July 2008                                                                     
Corporate advisor                                                               
Manhattan Equity Corporate Finance (Pty) Limited                                
Designated advisor                                                              
Arcay Moela Sponsors (Pty) Limited                                              
Date: 04/07/2008 09:58:49 Supplied by www.sharenet.co.za                     
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