HUGE GROUP LIMITED - Directors dealings in securities

Directors’ dealings in securities

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

DIRECTORS’ DEALINGS IN SECURITIES

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

On 7 February 2017, the Company advised shareholders that the initial
interest shown by qualifying investors was at a level which had resulted
in all of the available Shares in terms of the Specific Authority being
allocated in terms of a private placement (the Private Placement) as
opposed to the envisaged bookbuild process. Accordingly, 48 780 487
Shares were allocated to certain qualifying investors at a subscription
price of 615 cents per Share in terms of the Private Placement.

Notwithstanding the aforementioned Private Placement, the Company
remained in a position where expressions of interest to subscribe for
Shares exceeded the available Shares (the Excess Demand).

Existing shareholders of the Company (including shareholders who are
directors of the Company and their associates (the Relevant Persons))
indicated their willingness to assist the Company in (i) accommodating
the Excess Demand, (ii) broadening its base of shareholders with the
introduction of institutional shareholders and (iii) improving the free
float and liquidity of the Shares. The Relevant Persons agreed, by
signing irrevocable undertakings, to sell Shares (the Sale Shares). To the
extent that that there is a reduction in the Excess Demand, the
Company has agreed that the irrevocable undertakings may be
withdrawn.

On 28 February 2017, the Company agreed to act as agent for the
Relevant Persons which has created an obligation to make the
necessary disclosures in terms of paragraphs 3.63 to 3.74 of the Listings
Requirements of the JSE Limited.

Accordingly, shareholders are advised that the following directors
and/or their associates are signatories to irrevocable undertakings to
sell Shares:

Name of director:                        D Deetlefs (Executive)
Name of company:                         Huge
Nature of director’s interest:           Direct beneficial
Date of transaction:                     28 February 2017
Class of securities:                     Ordinary shares
Nature of transaction:                   Irrevocable undertaking to sell
How traded:                              Not applicable
Number of securities:                    1 600 348
Price per share:                         615 cents
Value of transaction:                    R9 842 140,20
Extent of interest:                      1.28%
Clearance to deal obtained:              Yes

Name of director:                        AD Potgieter (Non-executive)
Name of company:                         Huge
Nature of director’s interest:           Direct beneficial
Date of transaction:                     28 February 2017
Class of securities:                     Ordinary shares
Nature of transaction:                   Irrevocable undertaking to sell
How traded:                              Not applicable
Number of securities:                    2 689 547
Price per share:                         615 cents
Value of transaction:                    R16 540 714,05
Extent of interest:                      2.14%
Clearance to deal obtained:              Yes

Name of director:                        AD Potgier (Non-executive)
Name of associate:                       Luigi’s Trust
Relationship to associate:               Trustee and beneficiary
Name of company:                         Huge
Nature of director’s interest:           Indirect beneficial
Date of transaction:                     28 February 2017
Class of securities:                     Ordinary shares
Nature of transaction:                   Irrevocable undertaking to sell
How traded:                              Not applicable
Number of securities:                    224 050
Price per share:                         615 cents
Value of transaction:                    R1 377 907,50
Extent of interest:                      0.18%

At this stage, it is not certain that the sale of the Sale Shares will take
place. A further announcement will be released once this matter has
been finalised.

Johannesburg
2 March 2017
Sponsor
Questco Proprietary Limited

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