HUGE GROUP LIMITED - Changes to the roles of directors

Changes to the roles of directors

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

CHANGES TO THE ROLES OF DIRECTORS

In compliance with paragraphs 3.59 of the ListingsRequirements of the
JSE Limited (“JSE”), the Company is pleased to announce the
appointment of Mr Zunaid Bulbulia as the Chief Financial Officer of the
Group with effect from 27 March 2017. Mr David Deetlefs, who was
serving as the Group Financial Director of Huge, will remain on the
Board as an executive director of the Company.

Zunaid has been a non-executive director on the Company’s Board
since January 2016 and has played a pivotal role in both the recently
announced acquisition of the Connectnet Group and various mobile
network operator interactions. Zunaid, who is a CA(SA), was the MTN
Group Chief Operations Executive in his last role before his departure
from MTN in December 2015 and in that role he had direct responsibility
for 20 of MTN’s operations (excluding South Africa and Nigeria).

Consequent to the recently announced acquisition of Connectnet
Broadband Wireless Proprietary Limited and its wholly owned subsidiary
company Sainet Internet Proprietary Limited, which is expected to be
completed before the end of March 2017, the Board has decided that
the Company needs to establish a group structure that will allow it to
manage effectively its existing operating companies and the future
operating companies that it envisages acquiring. Zunaid becomes the
first direct employee of Huge, with all other employees in the Group
being employed currently by the operating companies.


Johannesburg
27 March 2017

Sponsor
Questco Proprietary Limited

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