Proposed specific issue of shares for cash HUGE GROUP LIMITED (Registration number 2006/023587/06) Share code: HUG ISIN: ZAE000102042 (“Huge” or the “Company”) PROPOSED SPECIFIC ISSUE OF SHARES FOR CASH Shareholders are advised that the Company has signed a subscription agreement, dated 27 December 2016, with Praesidium Capital Management (Pty) Ltd (“Praesidium”), in Praesidium’s capacity as General Partner of the SA Hedge Fund En Commandite Partnership, in terms of which Praesidium has agreed to subscribe for 17 500 000 Huge ordinary shares, at a subscription price of 850 cents per Huge ordinary share (“Issue Price”). Praesidium is a material shareholder in Huge (in that its existing shareholding is in excess of 10% of the current issued share capital of the Company), and as such, is regarded as a related party. However, no fairness opinion is required as the Issue Price is at a premium to the volume weighted average share price of Huge measured over the 30 business days prior to the date on which the Issue Price was agreed between the parties (i.e. 27 December 2016). Shareholders’ approval for the proposed specific issue of shares for cash to Praesidium is required. The funds raised by means of the specific issue will be used to fund future acquisitions by the Company. A circular in this regard, together with a notice of meeting, is in the process of being prepared and will be dispatched to shareholders in due course. Johannesburg 3 January 2017 Sponsor: Questco Proprietary Limited Date: 03/01/2017 03:35:00 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.