General Bus Update (Incl an update on Litigation) - Update on Litigation involving MTN Service Provider (Pty) Ltd HUGE GROUP LIMITED (Registration number 2006/023587/06) Share code: HUG ISIN: ZAE000102042 (“Huge” or “the Group” or “the Company”) GENERAL BUSINESS UPDATE (INCLUDING AN UPDATE ON LITIGATION) UPDATE ON LITIGATION INVOLVING MTN SERVICE PROVIDER (PTY) LTD (MTN SP) Shareholders are referred to the announcement released on SENS on 1 August 2014, regarding, inter alia, certain litigation involving MTN SP and the fact that a settlement agreement (the Settlement Agreement) had been signed between Huge Telecom (Pty) Ltd (Huge Telecom) and Huge Mobile (Pty) Ltd (formerly CentraCell (Pty) Ltd) (the Huge Parties)and Mobile Telephone Networks (Pty) Ltd (MTN) in terms of which the Huge Parties had undertaken to pay MTN the sum of R10 million (the Settlement Amount) in full and final settlement of all claims of any nature that MTN and MTN SP may have had against the Huge Parties. The Settlement Amount has been paid and accordingly all legal action instituted by MTN SP against the Huge Parties will be withdrawn. GENERAL BUSINESS UPDATE Huge Telecom continues to enjoy high levels of sales activity, achieving another record month in August, and has now sold 6 800 new telephone lines since the commencement of the current financial year. With the settlement of the dispute above, which had been the main remaining area of uncertainty, and management’s continued focus on the new business model, the board’s view is that a solid foundation has been laid in order to grow the business. Johannesburg 11 September 2014 Designated Advisor Arcay Moela Sponsors Proprietary Limited Date: 11/09/2014 09:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.