HUGE GROUP LIMITED - Extension of the postage date of the Circular in respect of the Proposed Transaction and the Specific Repurchases

Extension of the postage date of the Circular in respect of the Proposed Transaction and the Specific Repurchases

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

EXTENSION OF THE POSTAGE DATE OF THE CIRCULAR IN RESPECT OF THE PROPOSED
TRANSACTION AND THE SPECIFIC REPURCHASES OF HUGE SHARES

Shareholders are referred to:

   -   the announcement released by Adapt IT Holdings Limited on SENS on 3 February
       2021 and the subsequent announcement released by Huge on SENS on 5 February
       2021, advising that Huge had given notice to the board of directors of Adapt IT
       that Huge intends to make a general offer as contemplated in section 117(c)(v)
       of the Companies Act, 2008 (as amended) to the holders of ordinary shares of
       Adapt IT to acquire up to 100% of the issued Adapt IT Shares (“the Proposed
       Transaction”); and
   -   the announcement released by Huge on 4 March 2021 relating to the repurchase
       of a number of ordinary shares in the Company from certain identified sellers,
       representing a total of 3.2425% of the issued share capital of the Company at a
       price of 450 cents per Repurchase Share ("the Specific Repurchases").

Shareholders are hereby advised that the circular to Huge shareholders relating to the
Proposed Transaction and the Specific Repurchases is expected to be distributed on or
before Friday, 28 May 2021.

The board of directors of the Company (“Board”), individually and collectively accepts
full responsibility for the accuracy of the information contained in this announcement. In
addition, the Board certifies that to the best of its knowledge and belief, the information
contained in this announcement solely pertaining to the Company is true and, where
appropriate, does not omit anything that is likely to affect the importance of the
information contained herein, and that all reasonable enquiries to ascertain such
information has been made.


10 May 2021

Financial Advisor and Transaction Sponsor
Questco Proprietary Limited

Legal Advisor
Herbert Smith Freehills South Africa LLP

Date: 10-05-2021 04:34:00
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