HUGE GROUP LIMITED (Registration number 2006/023587/06) Share code: HUG ISIN: ZAE000102042 (“Huge Group” or “the Group” or “the Company”) Issue by Huge SPV 1 Proprietary Limited of Preference Shares On 6 December 2023, Huge SPV 1 Proprietary Limited (Huge SPV 1), a wholly owned subsidiary company of Huge Group, concluded a preference share transaction with Rand Merchant Bank (RMB), a division of FirstRand Bank Limited (the Transaction). The salient terms of the Transaction are: 1. RMB will subscribe for 1 500 A Preference Shares for a subscription price of R100 000 per A Preference Share, and an aggregate subscription consideration of R150 million (the A Preference Shares); 2. RMB will subscribe for 1 500 B Preference Shares for a subscription price of R100 000 per B Preference Share, and an aggregate subscription consideration of R150 million (the B Preference Shares); 3. The Cumulative Capital Redemption of A Preference Shares shall be as follows: a. 30% at the end of year three; b. 47% at the end of year four; and c. 100% at the end of year five. 4. The B Preference Shares are redeemable in five years as follows: a. 100% at the end of year five. The subscription consideration from the A Preference Shares and the B Preference Shares will be used to make investments and settle, amongst other obligations to RMB, the existing Term Facility Outstandings to RMB of R162 562 500. Johannesburg 14 December 2023 Sponsor Questco Corporate Advisory Proprietary Limited