Reviewed condensed consolidated interim results for the six months ended 31 August 2019 HUGE GROUP LTD (Registration number 2006/023587/06) Share code: HUG ISIN: ZAE000102042 ("Huge Group" or "the Group" or "the Company") REVIEWED CONDENSED CONSOLIDATED INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 AUGUST 2019 The board of directors of Huge Group (the Board) is pleased to present the reviewed condensed consolidated interim results for the six months ended 31 August 2019 (the Interim Results). The financial highlights relating to the Interim Results, as compared to the prior comparative period ended 31 August 2018, are set out below: - Interim dividend declared of 6.25 cents per share (0.0 in HY2019 and 12.5 cents in FY2019) - Total revenue increased by 14% from R215 million to R245 million - Gross profit increased by 43% from R126 million to R180 million - Operating profit increased by 6% from R68 million to R72 million - EBITDA increased by 19% from R80 million to R95 million - Basic earnings per share increased by 3.4% from 28.46 cents per share to 29.43 cents per share - Normalised basic earnings per share increased by 50% - Headline earnings per share increased by 2.5% from 28.50 cents per share to 29.21 cents per share - Normalised headline earnings per shares increased by 48% INTERIM DIVIDEND DECLARATION Ordinary shareholders are advised that the Board has declared a gross cash dividend of 6.25 cents per ordinary share as an interim dividend. The dividend has been declared after the reporting date and not recognised as a liability. The dividend will be paid out of retained earnings of the Company. A dividend withholding tax of 20% will be applicable to all shareholders who are not exempt from, or who do not qualify for a reduced rate of withholding tax. Accordingly, for those shareholders subject to withholding tax, the net dividend amounts to 5.00 cents per share. The issued share capital of the Company at the declaration date is 175 627 077 ordinary shares. The Company's tax reference number is 9378909155. In compliance with the requirements of Strate Proprietary Limited and the JSE, the following timetable is applicable: Declaration date Thursday, 21 November 2019 Last day to trade cum dividend Tuesday, 10 December 2019 Shares commence trading ex dividend Wednesday, 11 December 2019 Record date Friday, 13 December 2019 Dividend payment date Tuesday,17 December 2019 Share certificates may not be dematerialised or re-materialised between Wednesday, 11 December 2019, and Friday, 13 December, both days inclusive. SHORT FORM ANNOUNCEMENT This short form announcement is the responsibility of the Board and is only a summary of the information contained in the full announcement released on SENS on 21 November 2019 (the Full Announcement). This short-form announcement does not contain full or complete details pertaining to the Group's results. Any investment decisions by investors and/or shareholders should therefore be based on consideration of the Full Announcement which may be downloaded from the Group's website at www.hugegroup.com/huge-group-unlocking-business-opportunity-financials/ and may be viewed at the registered offices of the Company and the Sponsor, at no charge, during office hours from the date of this announcement for a period of 30 days. The Full Announcement is also available on the JSE's website at https://senspdf.jse.co.za/documents/2019/jse/isse/HUG/ie2019.pdf Normalised basic and headline earnings per share have been prepared for illustrative purposes only and because of their nature may not fairly present the Group's basic and headline earnings per share. The presentation of normalised basic and headline earnings per share is the responsibility of the Board and has not been reviewed or reported on by Huge Group's auditors. Registered office Unit 6, 1 Melrose Boulevard, Melrose Arch, Johannesburg, 2057 Johannesburg 21 November 2019 Sponsor Nedbank Corporate and Investment Banking Date: 21/11/2019 07:05:00 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.