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HUGE GROUP LIMITED - Trading statement

Release Date: 18/05/2020 08:36
Code(s): HUG     PDF:  
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Trading statement

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


In terms of paragraph 3.4(b) of the JSE Listings Requirements, companies are required
to publish a trading statement as soon as a reasonable degree of certainty exists that
the financial results to be reported upon next, being the financial results for the year
ended 29 February 2020 (FY2020), will differ by at least 20% from the financial results for
the corresponding period in the prior year, being the financial results for the year ended
28 February 2019 (FY2019).

Huge is in the process of preparing its financial results for FY2020.

The board of directors of Huge has made a decision that in future it will report
normalised EPS (Normalised EPS) and normalised HEPS (Normalised HEPS) in addition to
Earnings Per Share (EPS) and Headline Earnings Per Share (HEPS). Financial reporting for
FY2020 will reflect this decision.

Normalised EPS and Normalised HEPS take into account adjustments made to financial
performance to remove the effects of revenue and expenses that are unusual or one-
time influences in order for stakeholders to understand the Company's true earnings
from its normal operations and to provide an estimate of the earnings that the
Company would ordinarily generate.

Shareholders are accordingly advised that a reasonable degree of certainty exists that
Huge’s EPS, HEPS, Normalised EPS and Normalised HEPS for FY2020 will be in the
following ranges:

Information             FY2019                             FY2020
                                       Upper           Lower        Upper            Lower
                                       Range           Range   Percentage       Percentage
                                  (in cents)      (in cents)
EPS                       56.84        59.68           56.84         +5%              +0%
HEPS                      55.81        58.60           55.81         +5%              +0%
Normalised EPS            48.05        60.06           55.25        +25%             +15%
Normalised HEPS           47.02        58.77           54.07        +25%             +15%

For FY2019, Normalised EPS and Normalised HEPS exclude the effects of donation
income of R14 472 245 received by the Connectnet Incentive Trust and the
consolidation of this donation income in the financial information of Huge.

For FY2020, Normalised EPS and Normalised HEPS have not been adjusted and are
therefore the same as EPS and HEPS.

The Normalised EPS and Normalised HEPS is the responsibility of the directors of Huge,
has been prepared for illustrative purposes only and may, because of its nature, not
fairly present the Company’s financial position.

This trading statement has not been reviewed or reported on by the Company’s
external auditors.

18 May 2020


Nedbank Corporate and Investment Banking

Date: 18-05-2020 08:36:00
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