HUG - Huge Group Limited - Change in company secretary and cancellation of

HUG - Huge Group Limited - Change in company secretary and cancellation of      
specific repurchase of shares for cash                                          
HUGE GROUP LIMITED                                                              
(Incorporated in the Republic of South Africa)                                  
(formerly Vanquish Fund Managers Limited)                                       
(Registration number 2006/023587/06)                                            
Share code: HUG & ISIN: ZAE000102042                                            
("Huge" or "the Company")                                                       
CHANGE IN COMPANY SECRETARY AND CANCELLATION OF SPECIFIC REPURCHASE OF SHARES   
FOR CASH                                                                        
Appointment of Company Secretary                                                
Huge Group Limited is pleased to announce the appointment of Arcay Client       
Services (Proprietary) Limited as the Company Secretary of Huge, with immediate 
effect.                                                                         
Cancellation of specific repurchase of shares                                   
Shareholders are referred to the previous announcement dated 3 July 2008 wherein
the repurchase of 13 050 205 ordinary shares in the share capital of the company
at 362 cents per share was announced, and are advised that certain conditions   
precedent were not fulfilled.  Accordingly, the agreements of sale have lapsed  
and the repurchase shall no longer be effected.                                 
Johannesburg                                                                    
12 September 2008                                                               
Corporate Advisor                                                               
Manhattan Equity Corporate Finance (Proprietary) Limited                        
Designated Advisor                                                              
Arcay Moela Sponsors (Proprietary) Limited                                      
Registered office:                                                              
Block 2, Woodlands Drive Office Park, 5 Woodlands Drive, Woodmead, Johannesburg,
2191 (PO Box 16376, Dowerglen, 1610)                                            
Transfer secretaries                                                            
Computershare Limited, Ground Floor, 70 Marshall Street, Johannesburg           
Directors:                                                                      
EF Lediga*, BA McQueen*, AD Potgieter (CEO), JC Herbst (FD), JA Morelis, VM     
Mokholo, SP Tredoux, M Pillay                                                   
*Non-executive                                                                  
Date: 12/09/2008 07:50:02 Supplied by www.sharenet.co.za                     
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