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that that there is a reduction in the Excess Demand, the Company has agreed that the irrevocable undertakings may be withdrawn.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 Date: 02/03/2017 05:49:00 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.