Results of the General Meeting HUGE GROUP LIMITED (Registration number 2006/023587/06) Share code: HUG ISIN: ZAE000102042 (Huge or the Company) RESULTS OF THE GENERAL MEETING The Company is pleased to notify shareholders that the resolutions set out in the relevant notice of general meeting were passed by the requisite majority of votes at the general meeting held today, as set out below. Shareholders holding 88 555 381 ordinary shares, being 79.85% of the total issued share capital of Huge, attended the meeting in person or by proxy. Resolutions: Shares voted Votes Votes Votes abstained for against Number %1 %1 Number %2 Number %2 Ordinary resolution number 1 – 88 555 381 79.85 0 88 555 381 100 0 0 subscription by the Company for 185 ordinary shares in Connectnet Broadband Wireless Proprietary Limited (“Connectnet”) at a subscription price of R418 000 000. Ordinary resolution number 2 – 88 555 381 79.85 0 88 555 381 100 0 0 issue by the Company of Renounceable Letters of Allocation in respect of the Company’s ordinary shares and with a value of R151 250 000 to Connectnet. Ordinary resolution number 3 – 64 709 299 58.35 21.50 64 709 299 100 0 0 the specific issue of 17 500 000 new Huge Ordinary Shares to Praesidium Capital Management (Pty) Ltd Special resolution number 1 – 88 555 381 79.85 0 88 555 381 100 0 0 authorisation for Huge to repurchase its own shares up to a maximum value of the Connectnet profit warranty in the event of any breach thereof Ordinary resolution number 4 – 88 555 381 79.85 0 88 555 381 100 0 0 enabling resolution Notes: 1. As a percentage of total ordinary shares in issue. 2. As a percentage of shares voted. The approval by shareholders of the above resolutions fulfils certain of the conditions precedent to the implementation of the Subscription and Repurchase Agreement entered into between the Company and Connectnet on 17 November 2017 (the “Transaction”). A number of further conditions precedent remain outstanding and a subsequent announcement in this regard will be made once the Transaction becomes fully unconditional. Johannesburg 14 February 2017 Sponsor Questco (Pty) Ltd Date: 14/02/2017 03:34:00 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.