HUG - Huge Group Limited - Resignation of Non-executive Director

HUG - Huge Group Limited - Resignation of Non-executive Director                
HUGE GROUP LIMITED                                                              
(Registration number 2006/023587/06)                                            
Share code: HUG     ISIN: ZAE000102042                                          
("Huge" or "the Group" or "the Company")                                        
CHANGES TO THE BOARD OF DIRECTORS OF THE COMPANY                                
In compliance with paragraph 3.59 of the Listings Requirements of the JSE       
Limited, Huge announces the resignation of Mr KD Jarvis from the board of       
directors of the Company with effect from 8 June 2012.                          
Mr Jarvis served as the Lead Independent Non-executive Director of the          
Company from 1 September 2008, and was initially appointed to assist Huge in    
a number of key areas in which he has specialised knowledge, namely:            
    *    The implementation of appropriate corporate governance structures;     
    *    The adoption of high standards of corporate governance;                
    *    The re-focusing of the business in a sector which has experienced      
tremendous turmoil over the past few years; and                        
    *    The discontinuing of non-core assets from the business with the        
         corresponding reduction in costs associated with these assets.         
With the Group having achieved a significant turnaround in operational          
performance during the previous financial year and recent market forces         
shaping the industry to the Company`s advantage, Mr Jarvis has decided that     
the time has come for him to seek new challenges and opportunities.             
The Company thanks Mr Jarvis for his valued contribution over the past few      
years, and wishes him every success in his new endeavours.                      
Johannesburg                                                                    
8 June 2012                                                                     
Designated Advisor                                                              
Arcay Moela Sponsors (Pty) Limited                                              
Date: 08/06/2012 17:09:02 Supplied by www.sharenet.co.za                     
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