HUGE GROUP LIMITED (Registration number 2006/023587/06) Share code: HUG ISIN: ZAE000102042 (“the Company” or “Huge Group”) SHORT-FORM ANNOUNCEMENT: PRELIMINARY AUDITED SUMMARISED CONDENSED FINANCIAL RESULTS FOR THE YEAR ENDED 28 FEBRUARY 2022 AND AVAILABILITY OF INTEGRATED ANNUAL REPORT The board of directors of the Company (the Board) is pleased to present the financial results for the reporting period ended 28 February 2022 (Financial Results). SALIENT FEATURES Huge Group is an investment entity in terms of International Financial Reporting Standards (IFRS), more specifically IFRS10. The performance measures relevant to the Company’s financial results are: Financial year ended Financial year ended 28 February 28 February 2022 2021 (Audited) (Audited) Operating profit 557 486 896 69 076 044 Headline earnings per share cents 58.81 27.67 Earnings per share cents 299.85 23.47 Net asset value per share cents 896.75 594.90 DIVIDEND No dividends will be declared for the year ended 28 February 2022 (FY2021: Nil). CHANGE IN INVESTMENT ENTITY STATUS AND EARNINGS IFRS requires that an entity assess and reassesses whether it is an investment entity if facts or circumstances indicate changes to one or more of the elements in the definition of an investment entity or the typical characteristics of an investment entity. Huge Group’s focus on value creation for its shareholders has not changed. However, the factors detailed in the full announcement explain why Huge Group reassessed its status in terms of IFRS10. It was determined that Huge Group became an investment entity with effect from 1 March 2021. Accordingly, the performance of Huge Group’s investment portfolio is measured with reference to the fair value of each of its investments, rather than the consolidated profitability of Huge Group and its subsidiary companies. Where an entity’s status changes to that of an investment entity, it does not consolidate its subsidiaries, but rather measures its subsidiaries at fair value through profit or loss. This change in accounting is applied prospectively, with no adjustment to prior year comparatives. However, an investment entity continues to consolidate subsidiaries that provide services related to the investment entity’s investment activities (i.e. those wholly owned subsidiaries comprising Huge Group’s head office operations). As a result of Huge Group’s change in status, its financial statements for the year ended 28 February 2022, prepared in accordance with IFRS, are not comparable to prior years. AVAILABILITY OF INTEGRATED ANNUAL REPORT The Company’s integrated annual report, incorporating the audited financial statements for the year ended 28 February 2022, is available on the Company’s website at: www.hugegroup.com/huge-group-unlocking-business-opportunity-financials/. The integrated annual report contains a notice of annual general meeting, which will be held by electronic communication, on Wednesday, 10 August 2022 at 11:00. The last day to trade in order to be eligible to participate in and vote at the annual general meeting is Tuesday, 26 July 2022 and the record date for voting purposes is Friday, 29 July 2022. The Company’s integrated annual report and notice of annual general meeting will be issued to shareholders on Tuesday, 31 May 2022. SHORT-FORM ANNOUNCEMENT This short form announcement is the responsibility of the Board and is only a summary of the information contained in the full announcement (the Full Announcement) and the integrated report (the Integrated Report). The Financial Results have been audited by Huge Group’s auditor, Moore Johannesburg Incorporated, who have expressed an unmodified audit conclusion thereon. The audit report includes disclosure of key audit matters relating to Huge Group’s accounting as an investment entity in terms of IFRS and the valuation of its unlisted investments. These matters are disclosed on pages 59 to 61 of Huge Group’s consolidated annual financial statements for the year ended 28 February 2022, which are available on the Company’s website at www.hugegroup.com/huge- group-unlocking-business-opportunity-financials/. This short-form announcement does not contain full or complete details pertaining to Huge Group’s results. Any investment decisions by investors and/or shareholders should therefore be based on consideration of the Full Announcement and the Integrated Report, which may be downloaded from the Company’s website at: www.hugegroup.com/huge-group-unlocking-business-opportunity-financials/ and which may be viewed at the registered offices of the Company and the Sponsor, at no charge, during office hours from the date of this announcement for a period of 30 days. The Full Announcement is also available on the JSE’s website at: https://senspdf.jse.co.za/documents/2022/jse/isse/HUG/ye2022.pdf. Registered office Unit 6, 1 Melrose Boulevard, Melrose Arch, Johannesburg, 2057 Johannesburg 31 May 2022 JSE Sponsor Questco Corporate Advisory Proprietary Limited