HUGE GROUP LIMITED - Changes to the board of directors

Changes to the board of directors

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

Changes to the board of directors

In terms of section 3.59 of the JSE Limited Listings Requirements, the board of
directors of Huge (the “Board”) is pleased to announce the appointment of Mr Craig
Lyons (“Craig”) as an Independent Non-Executive Director with effect from 3 July
2017.

Craig is an experienced and accomplished investment banker and businessman
with extensive strategic, management and finance experience gained in various
industries and from having developed and led a number of pre-eminent businesses
in Southern Africa. He actively participates as an independent director on various
company boards, committees and investment funds. Some of his career highlights
include successfully co-founding, leading and managing two South African
investment companies, one of which was listed on the JSE. He has spear-headed a
number of high profile investment transactions in a multitude of sectors with a
combined transaction value in excess of R28 billion. Craig holds a B.Com from the
University of the Witwatersrand and a D.Soc from Oxford University in the United
Kingdom, where he majored in Economics.

The Board welcomes Craig and looks forward to a long and mutually beneficial
relationship.

The Board further advises shareholders that Mr Anton Daniel Potgieter (“Anton”) has
resigned as a director of Huge and its subsidiaries with effect from 3 July 2017. Anton
founded TelePassport in 1993, which was rebranded as Huge Telecom and became
the principal subsidiary of the Group on its listing in 2007. Anton served Huge after
listing as Chief Executive Officer and then Executive Chairman, before becoming a
non-executive director. Anton is currently a shareholder of Huge and given this
shareholding in Huge is not regarded as independent. Consequently, Anton’s
resignation at this point in time significantly assists the Board in achieving Huge’s
compliance with the King IV code, which requires the majority of the non-executive
directors on the Board to be independent.

The Board would like to take this opportunity to thank Anton for his valued
contribution to the Group as a director over the past 10 years.

Johannesburg
4 July 2017


Sponsor
Questco Proprietary Limited

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