HUG - Huge - Board Restructure

HUG - Huge - Board Restructure                                                  
HUGE GROUP LIMITED                                                              
(Registration number 2006/023587/06)                                            
Share code: HUG & ISIN: ZAE000102042                                            
("Huge" or "the Group")                                                         
BOARD RESTRUCTURE                                                               
In compliance with paragraph 3.59 of the Listings Requirements of the JSE       
Limited, shareholders are advised that Mr Fensta Emmanuel "Chief" Lediga, the   
non-executive Chairman of the Group, and Mr Julian Arie Morelis, a non-executive
director, have resigned from the board.  The board wishes to thank both Messrs  
Lediga and Morelis for their valuable contribution to the Group.                
In conjunction with the resignation of these directors, the board is pleased to 
announce the appointment of Mr Anton Potgieter, the former Chief Executive      
Officer of the Group, as Executive Chairman and the appointment of Mr James     
Herbst, the former Chief Financial Officer, as Chief Executive Officer of the   
Group.                                                                          
The restructure of the board is effective immediately.                          
The board has identified and is in the process of negotiating with a preferred  
candidate to assume the role of Chief Financial Officer of the Group.  An       
announcement in this regard will be made in due course.                         
Woodmead                                                                        
12 November 2008                                                                
Designated Advisor                                                              
Arcay Moela Sponsors (Pty) Limited                                              
Date: 12/11/2008 12:01:18 Supplied by www.sharenet.co.za                     
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