Update on Huge Telecom Proprietary Limited’s migration of mobile telephone services from Cell C to MTN HUGE GROUP LIMITED (Registration number 2006/023587/06) Share code: HUG ISIN: ZAE000102042 (“Huge” or “the Group” or “the Company”) UPDATE ON HUGE TELECOM PROPRIETARY LIMITED’S MIGRATION OF MOBILE TELEPHONE SERVICES FROM THE CELL C MOBILE TELEPHONE NETWORK TO THE MTN MOBILE TELEPHONE NETWORK Huge Telecom Proprietary Limited (Huge Telecom) is a wholly owned subsidiary company of Huge. Huge Telecom is a successful mobile virtual network operator (MVNO) providing GSM-based, wireless voice telephony services to corporate organisations of any size and residential consumers who require a fixed location telephony service. As an MVNO, Huge Telecom makes use of GSM networks to provide its fixed telephone lines, which take the form of a wireless GSM connection from a customer’s premises to the core of a mobile telephone network. Huge Telecom’s principal service is substituting fixed-line voice infrastructure, like that provided by a public switched telephone network such as Telkom, or a VoIP operator, with wireless GSM infrastructure. Huge Telecom procures its access to GSM networks through Huge Cellular Proprietary Limited (Huge Cellular), a black empowered company associated with Huge. Huge Cellular procures access to various GSM networks, including Cell C’s mobile telephone network, MTN’s mobile telephone network and Telkom Mobile’s mobile telephone network. Huge Cellular has been involved in a long-standing dispute with Cell C Service Provider Company Proprietary Limited (Cell C SPC). This dispute has placed the business of Huge Telecom at risk and it has threatened the ongoing access of Huge Telecom’s 16 000 customers, which are predominantly SME customers, to vital telephone services. To mitigate this risk, Huge Cellular concluded an agreement with Mobile Telephone Networks Proprietary Limited. This agreement was concluded on 18 November 2019. In August 2020, Cell C SPC informed Huge Cellular that it no longer wished to provide services to Huge Cellular and gave Huge Cellular until close of business on 31 October 2020 (which was later extended to 13 November 2020) to migrate its customers to an alternative mobile network. These services provided by Huge Cellular to Huge Telecom, and on to over 16 000 customers, involves over 43 000 telephone lines. On 30 August 2020, Mobile Telephone Networks Proprietary Limited (MTN), a MTN Group Limited company, agreed to assist Huge Cellular and in turn Huge Telecom in migrating the entire Huge Telecom customer base to the MTN mobile telephone network. Huge is pleased to inform shareholders that as of Friday, 6 November 2020, the migration of Huge Telecom’s customers from the Cell C mobile telephone network to the MTN mobile telephone network is 85% complete. The impact that Covid-19 has had on South Africa has been devastating, with the ongoing impact it is having on SMEs being arguably worse. In order to avoid any further negative impact, Huge Cellular is engaging with Cell C SPC with a view to Cell C SPC extending access to the Cell C mobile telephone network to ensure that the final few remaining customers are migrated to MTN’s mobile telephone network without any loss of service. A further announcement will be released once the migration has been fully completed. Johannesburg 9 November 2020 Sponsor Nedbank Corporate and Investment Banking Date: 09-11-2020 03:06:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.