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

Shareholders are referred to the SENS announcement dated 2 March 2017, wherein
the Company advised that certain directors and their associates (the Relevant
Persons) had indicated their willingness to assist the Company in accommodating
the excess demand for ordinary shares that had arisen pursuant to the private
placement of Huge ordinary shares (Shares) to fund, amongst other transactions, the
acquisition of Connectnet Broadband Wireless Proprietary Limited (Connectnet). The
Relevant Persons signed irrevocable undertakings (the Irrevocable Undertakings) to
sell Shares (the Sale Shares) to certain qualifying investors (Qualifying Investors) to be
identified by the Company. The Irrevocable Undertakings were subject to the
transaction agreements (the Transaction Agreements) relating to Huge’s acquisition
of Connectnet (the Connectnet Acquisition) becoming unconditional. The
Transaction Agreements became unconditional on Thursday, 30 March 2017 and.
accordingly, the Irrevocable Undertakings have also become unconditional.

Certain Qualifying Investors identified by the Company have acquired the Sale
Shares from the Relevant Persons in terms of the aforementioned Irrevocable
Undertakings and shareholders are advised, in terms of paragraphs 3.63 to 3.74 of
the Listings Requirements of the JSE Limited thereof, as follows:

Name of director:                             D Deetlefs (Executive Director)
Name of company:                              Huge Group Limited
Nature of director’s interest:                Direct beneficial
Date of transaction:                          4 April 2017
Class of securities:                          Ordinary shares
Nature of transaction:                        Irrevocable undertaking to sell
How traded:                                   Off market
Number of securities:                         1 517 348
Price per share:                              615 cents
Value of transaction:                         R9 331 690,20
Extent of interest:                           0,88%
Clearance to deal obtained:                   Yes

Name of director:                             AD Potgieter (Non-Executive Director)
Name of company:                              Huge Group Limited
Nature of director’s interest:                Direct beneficial
Date of transaction:                          5 April 2017
Class of securities:                          Ordinary shares
Nature of transaction:                        Irrevocable undertaking to sell
How traded:                                   Off market
Number of securities:                         2 689 547
Price per share:                              615 cents
Value of transaction:                         R16 540 714,05
Extent of interest:                           1,56%
Clearance to deal obtained:                   Yes

Name of director:                             AD Potgieter (Non-Executive Director)
Name of company:                              Huge Group Limited
Name of associate:                            Luigi’s Trust
Relationship to associate:                    Trustee and beneficiary
Nature of director’s interest:                Indirect beneficial
Date of transaction:                          5 April 2017
Class of securities:                          Ordinary shares
Nature of transaction:                        Irrevocable undertaking to sell
How traded:                                   Off Market
Number of securities:                         224 050
Price per share:                              615 cents
Value of transaction:                         R1 377 907,50
Extent of interest:                           0,13%
Clearance to deal obtained:                   Yes

Johannesburg
5 April 2017

Sponsor
Questco Proprietary Limited

Date: 05/04/2017 01:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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