Dealings in securities by directors of a major subsidiary and an associate of a director of a major subsidiary HUGE GROUP LIMITED (Registration number 2006/023587/06) Share code: HUG ISIN: ZAE000102042 (Huge or the Company) DEALINGS IN SECURITIES BY DIRECTORS OF A MAJOR SUBSIDIARY AND AN ASSOCIATE OF A DIRECTOR OF A MAJOR SUBSIDIARY In March 2017, Huge acquired 100% of the shares in ConnectNet Broadband Wireless Proprietary Limited (subsequently re-named “Huge Connect”) (the Acquisition). Huge Connect is a major subsidiary of Huge in terms of the Listings Requirements of the JSE Limited (Listings Requirements). Pursuant to the Acquisition, the existing shareholders of Huge Connect (the Vendors) established The ConnectNet Incentive Scheme (the Scheme) and donated Huge shares to the ConnectNet Incentive Trust (the CI Trust) to be held for the benefit of certain identified share beneficiaries (the Share Beneficiary or Share Beneficiaries). A significant portion of the Huge shares held by the Trust will be allocated to Share Beneficiaries on a pre-determined basis on pre-determined dates (each an Allocation Date). As soon as reasonably possible after each Allocation Date, the Share Beneficiaries have the option of acquiring a vested right to the Huge shares allocated to them for no consideration. On acceptance by the Share Beneficiary of such allocation, the Huge shares will vest in the Share Beneficiary concerned. The trustees of the CI Trust include directors of Huge Connect and/or Huge Networks Proprietary Limited (Huge Networks) and in terms of the Listings Requirements, the CI Trust is an associate of these directors. Accordingly, as and when Huge shares vest in Share Beneficiaries, this will constitute a disposal of Huge shares by an associate of a director of a major subsidiary. Furthermore, as and when Huge shares vest in a director and/or associate of a director of Huge Connect and Huge Networks in terms of the Scheme, this shall constitute an acquisition of Huge shares by a director of a major subsidiary. Shareholders are therefore advised that, in terms of the Scheme, 560 089 Huge shares have now been allocated to, and vested in, Share Beneficiaries. Accordingly, in compliance with paragraph 3.63 of the Listings Requirements, the following dealings by directors of a major subsidiary and/or their associates, are disclosed: Dealings by the CI Trust, an associate of directors of a major subsidiary: Name of associate: The CI Trust Name of the director/s and Associate of the following directors of relationship information: Huge Connect and Huge Networks, by virtue of the fact that they are the trustees of the Trust: - E Van Heerden; - S Oberholzer; and - K Sinclair. Nature of interest of Direct non-beneficial associate: Date of transaction: 1July 2020 Class of securities: Ordinary shares Nature of transaction: Off-market disposal Number of shares vested to 560 089 Share Beneficiaries in terms of the Scheme: Price per share: R0 Market value per share: R4.38 Market value of transaction: R2 458 174.61 Clearance to deal obtained: Yes Dealings by directors of a major subsidiary: Name of director: E Van Heerden Name of company: Huge Connect Nature of interest: Direct beneficial Date of transaction: 1July 2020 Class of securities: Ordinary shares Nature of transaction: Off-market acquisition Number of shares vested in 47 847 terms of the Scheme: Price per share: R0 Market value per share: R4.38 Market value of transaction: R209 995.70 Clearance to deal obtained: Yes Name of director: K Schmulian Name of company: Huge Connect Nature of interest: Direct beneficial Date of transaction: 1 July 2020 Class of securities: Ordinary shares Nature of transaction: Off-market acquisition Number of shares vested in 18 713 terms of the Scheme: Price per share: R0 Market value per share: R4.38 Market value of transaction: R82 129.49 Clearance to deal obtained: Yes Johannesburg 1 July 2020 Sponsor Nedbank Corporate and Investment Banking Date: 01-07-2020 03:19:00 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.