HUGE GROUP LIMITED - Update on the placing of Huge shares in terms of a specific authority granted by shareholders of the company

Update on the placing of Huge shares in terms of a specific authority granted by shareholders of the company

HUGE GROUP LIMITED
(Registration number 2006/023587/06)
Share code: HUG ISIN: ZAE000102042
("Huge" or "the Company")

UPDATE ON THE PLACING OF HUGE ORDINARY SHARES IN TERMS OF A SPECIFIC
AUTHORITY GRANTED BY SHAREHOLDERS OF THE COMPANY

On 20 December 2016, Huge shareholders granted the Company a specific authority
("the Specific Authority") to issue so many Huge ordinary shares as may be equal in
value to an amount of up to R300 000 000, provided that the aggregate number of
Huge ordinary shares to be issued by the Company in terms of this authority would not
exceed 50 000 000 ordinary shares.

Shareholders are advised that the initial interest shown by qualifying investors was at
a level which has resulted in all of the available shares in terms of the Specific Authority
being allocated prior to the commencement of the bookbuild process.

The Company is pleased to announce that 48 780 487 Huge Group ordinary shares
have been allocated to certain qualifying investors at a subscription price of 615 cents
per share and for a total aggregate subscription consideration of R299 999 995.00

Johannesburg
7 February 2017

Sponsor
Questco Proprietary Limited

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