Huge Group - Cautionary Announcement


Huge Group - Cautionary Announcement

Tuesday, March 11, 2008

INVESTOR NEWS RELEASE
11 March 2008
 
HUG - Huge - Cautionary Announcement
HUGE GROUP LIMITED
(formerly Vanquish Fund Managers Limited)
(Registration number 2006/023587/06)
Share code: HUG & ISIN: ZAE000102042
("Huge" or "the company")
CAUTIONARY ANNOUNCEMENT
Arcay Moela Sponsors (Pty) Limited are authorised to announce that Huge has entered into further negotiations with additional parties where the subject matter of such negotiations is not related to the acquisition by Huge of 59% of the ordinary shares in iTalk Cellular (Pty) Limited. These negotiations are in addition to current negotiations being undertaken by Huge in relation to its acquisition of iTalk and the further cautionary announcement released on SENS on 29 February 2008. Shareholders are advised that the further information referred to in the cautionary announcement released on SENS on 29 February 2008 will be released shortly. The additional negotiations referred to may have an effect on the share price of Huge and accordingly, shareholders are advised to exercise caution when dealing in their shares until a further announcement is made.
Woodmead
10 March 2008
Corporate advisor
Manhattan Equity Corporate Finance (Pty) Limited
Designated advisor
Arcay Moela Sponsors (Pty) Limited
Date: 11/03/2008 07:45:06