HUGE GROUP LIMITED - Grant of options to directors to acquire ordinary shares

Grant of options to directors to acquire ordinary shares

HUGE GROUP LIMITED
(Registration number 2006/023587/06)
Share code: HUG ISIN: ZAE000102042
(“the Company”)

GRANT OF OPTIONS TO DIRECTORS TO ACQUIRE ORDINARY SHARES

In compliance with paragraph 3.63 of the Listings Requirements of the JSE
Limited (“JSE”), shareholders are advised that on 20 December 2016, the
following directors entered into Call Option Agreements with Praesidium
Capital Management Proprietary Limited ("Praesidium") in terms of which
each of these directors was granted the option to purchase from Praesidium
the following number of ordinary shares in Huge at a strike price of 850 cents
per ordinary share, exercisable on 28 February 2019:

Name of director:              Dr. DF da Silva          Z Bululia          VM Mokholo
Type of director:             Independent non-      Non-executive       Non-executive
                            executive Chairman
Value of shares:                   R63 750 000        R63 750 000          R4 250 000
Interest:                    Direct beneficial  Direct beneficial   Direct beneficial
% of the Company’s
current issued share
capital:                                  6.8%               6.8%                0.5%

The directors detailed above have obtained the necessary clearance in
terms of paragraph 3.66 of the Listings Requirements of the JSE to enter into
the aforesaid Call Option Agreements.

Johannesburg
20 December 2016

Sponsor:
Questco (Pty) Ltd

Date: 20/12/2016 01:44:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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