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Huuuge Inc.

Transaction in Own Shares Jul 3, 2023

10234_rns_2023-07-03_cc644f43-0848-4dce-9781-27987f9df321.html

Transaction in Own Shares

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The Results of a Share Buyback

Huuuge, Inc. (the "Issuer" or the "Company") hereby reports that inresponse to a time-limited invitation to submit to the Company saleoffers relating to shares in the Company, at a pre-determined and fixedprice per share, open to all shareholders of the Company (the"Invitation") announced by the Company on 30 May 2023 in current reportno. 19/2023 (as subsequently amended and announced by the Company incurrent report no. 23/2023 on 19 June 2023), a total of 1,403 offers forthe sale of shares were submitted during the entire period of acceptanceof sale offers, i.e., from 1 June to 29 June 2023, for a total of38,990,635 shares of the Company.

The total number of shares covered by the submitted sale offers ishigher than the number of shares subject to the Invitation (i.e., up to17,121,919 shares) and, therefore, the Company proportionally reducedthe number of shares covered by the sale offers submitted by theshareholders using the reduction rules detailed in the Invitation. Theaverage reduction rate of the submitted sale offers was 70.35377% (forall shareholders who held as at the Invitation's date of publicationless than 10% of the total votes at the Company's general meeting). As aresult, the Company will acquire 17,121,919 shares covered by thesubmitted sales offers.

In accordance with the Invitation, the shares will be purchased at grossUSD 8.7607 per share. Amounts due to investors, after withholding ofapplicable taxes, will be converted from USD to PLN in accordance withthe interbank exchange rate applicable as of today (3 July 2023) as theday preceding the Settlement Date (as defined below)) which is 4.0735.

The expected date of the acquisition and transfer of ownership of theshares to the Company (the "Settlement Date") is 4 July 2023.

Legal basis: Article 17 (1) of the MAR.

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