No change statement and notice of annual general meeting HUGE GROUP LIMITED (Registration number 2006/023587/06) Share code: HUG ISIN: ZAE000102042 (“Huge” or “the Company”) NO CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING 1. No change statement Shareholders are advised that the Company’s Integrated Report, incorporating the audited annual financial statements for the year ended 29 February 2020 (“FY2020”), has been distributed to shareholders and is available on the Company’s website at http://hugegroup.com/huge-group-unlocking-business-opportunity- financials/ with effect from 31 August 2020. Other than the matter outlined below, the audited annual financial statements for the year ended 29 February 2020 contain no material changes when compared to the reviewed provisional condensed consolidated annual financial results published on SENS on 29 May 2020. Shareholders are advised of the following: In terms of the JSE’s pro-active monitoring processes, the JSE has found that Huge’s recognition of a donation of R14.4 million (received by the Connectnet Incentive Trust and included as income of the Group on consolidation of the Connectnet Incentive Trust for the year ended 28 February 2019) was contrary to IFRS. The JSE has found that the donation should have been recognised as a reduction in the purchase price of ConnectNet Broadband Wireless Proprietary Limited. Huge has corrected the error outlined above in terms of IAS 8 and has done so in its audited annual financial statements for the year ended 29 February 2020. The restatement has reduced Goodwill by R14.4 million and has increased Equity by R14.4 million in FY2020. Following the correction of the above error, the unqualified independent auditor’s report no longer includes an emphasis of matter relating to the Connectnet Incentive Trust. 2. Annual general meeting (“AGM”) Notice is hereby given that the annual general meeting of the shareholders of the Company will be held on Thursday, 8 October 2020 at 11h00 by virtual conference. Huge has engaged the services of The Meeting Specialist (“TMS”) to host the AGM on an electronic communication platform, which will facilitate the remote participation of and voting by shareholders. TMS will be available to assist shareholders in registering to participate and vote on the electronic communication platform in accordance with the Companies Act, No 71 of 2008 (“the Companies Act”). While voting during the AGM will be permitted, shareholders are strongly encouraged to submit votes by proxy before the AGM. Shareholders wishing to participate in the AGM should instruct their CSDP or broker to issue them with the necessary letter of representation. Shareholders who wish to participate in the AGM by way of the electronic communication platform are required to contact TMS at the JSE Limited, One Exchange Square, 2 Gwen Lane, Sandown, Johannesburg, PO Box 62043, Marshalltown, 2107, or proxy@tmsmeetings.co.za, as soon as practically possible, but by no later than 11h00 on Wednesday, 7 October 2020. Full details of this process are set out in the notice of AGM forming part of the Integrated Report. In terms of section 59 of the Companies Act, the board of directors of the Company has determined that the record date to be eligible to participate in and vote at the AGM is Friday, 2 October 2020 and that the last day to trade to be eligible to participate in and vote at the AGM is Tuesday, 29 September 2020. 31 August 2020 Sponsor Nedbank Corporate and Investment Banking Date: 31-08-2020 05:49:00 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.