Huuuge Inc.

Share Issue/Capital Change • May 22, 2022

Notification on the expansion of Share Buyback Scheme

Huuuge, Inc. ("Issuer", "Company"), in reference to the informationprovided in the Current report 4/2022 and Current report 9/2022, herebyreports that on 22 May 2022, the Board of Directors adopted a resolutionaccording to which the cap of 2,500,000 Company's shares capable ofbeing repurchased by the Company under the SBB (as specifically definedin the afore-listed current reports) has been increased to 6,500,000shares, subject however to all other terms set out in the initial SBBprogram which remained unchanged.

The decision on the cap increase was made upon consideration of theprogress of the SBB to date, current market conditions, the Company'scash position, and its estimated medium to long-term needs for sharesfor the satisfaction of ESOP requirements.

Including the cap increase as indicated above, the framework terms andconditions of SBB provide, among others, for the following:

- the SBB is conducted in accordance with all the restrictions resultingfrom MAR, Commission Delegated Regulation (EU) 2017/565 and CommissionDelegated Regulation (EU) 2016/1052,

- the total number of the Company's shares to be repurchased under theSBB shall be up to 6,500,000,

- the number of shares to be repurchased during a single trading dayshall not exceed 25% of the average daily volume of trade in theIssuer's shares for the 20 preceding trading days,

- the Issuer shall not repurchase the shares for a price higher than PLN40 per share,

- the Issuer has allocated a maximum amount of PLN 100,000,000 for therepurchase of its shares under the SBB,

- during the SBB period, the Company shall not sell its own shares forany purpose other than as a result of the exercise of options under itsEmployee Stock Option Plans, and

- the SBB shall end no later than on March 31, 2023, unless terminatedat an earlier date by the Company.

The Company publishes information on the transactions under the SBB inregular intervals but not later than at the end of the seventh dailymarket session following the execution of such transactions.

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