HUGE GROUP LIMITED - Extension of the Postage Date of the Offeror Circular and Appointment of Joint Financial Advisor

Extension of the Postage Date of the Offeror Circular and Appointment of Joint Financial Advisor

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

EXTENSION OF THE POSTAGE DATE OF THE OFFEROR CIRCULAR AND APPOINTMENT OF JOINT FINANCIAL ADVISOR

Adapt IT Shareholders are referred to the announcement released by Adapt IT Holdings
Limited (“Adapt IT”) on SENS on 3 February 2021 (“Firm Intention Announcement”) 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”).

In terms of regulation 102(2)(a) of the Companies Regulations 2011, an offeror circular
(“Circular”) is to be posted to shareholders of Adapt IT within a period of 20 business days
from the date of publication of the Firm Intention Announcement. Shareholders are
advised that, following a request by the Company, the Takeover Regulation Panel has
granted an extension in this regard and that the Circular will be published by no later
than 6 April 2021.

Huge has appointed PricewaterhouseCoopers Corporate Finance Proprietary Limited
(“PwC”) as joint financial advisor on the Proposed Transaction.

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.


3 March 2021

Joint Financial Advisor and Transaction Sponsor
Questco Proprietary Limited

Joint Financial Advisor
PwC Corporate Finance Proprietary Limited

Legal Advisor
Herbert Smith Freehills South Africa LLP

Date: 03-03-2021 09:00:00
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