Huuuge Inc.

Share Issue/Capital Change • Feb 15, 2022

Report4/2022

Notificationon Share Buyback Scheme

15-02-2022

Huuuge,Inc. (Issuer, Company) hereby reports that on 15 February 2022, theBoard of Directors adopted a resolution_#160; for the Issuer to repurchaseits common shares listed for trading on the Warsaw Stock Exchange(_quot;SBB_quot;) and defined certain_#160; detailed conditions and procedures of theSBB, as detailed below.

Thepurpose of the SBB is to satisfy the Issuer's needs related to theexercise of options under its Employee Stock Option Plans (described inthe Company's Prospectus and the Company's financial reports) in theforeseeable future. Total number of the Company's shares to berepurchased under the SBB will be up to 2,500,000 shares.

TheSBB will commence on a date to be determined by the Issuer, andshall end no later than till 31 March 2023, unless terminated at anearlier date by the Company;_#160;_#160;

TheCompany shall, at its sole discretion, subject to applicable lawsand regulations, determine the number of shares to be repurchased atany given time during the SBB, and it may, at its sole discretionrefrain from purchasing shares or suspend the SBB;

Thenumber of shares repurchased on a single trading day, will notexceed 25% of the average daily volume of trade in the Issuer'sshares, for the preceding 20 trading day period;_#160;

TheIssuer shall not repurchase shares at a price higher than the thencurrent trading price of the Issuer's shares on the Warsaw StockExchange, based on the official stock quotation market provided bythe WSE, or at a price higher than 40 PLN per share;

TheIssuer will allocate a maximum amount of 100,000,000 PLN for therepurchase of its shares under the SBB;_#160;_#160;

Inorder to execute the SBB, the Issuer will enter into an SBB serviceagreement or agreements with a broker or several brokers;

Duringthe SBB period, the Company will not sell its own shares for anypurpose other than as a result of exercise of options under itsEmployee Stock Option Plans.

TheCompany shall make public information on any change to the terms of theSBB. The Company shall make public information on transactions ofbuy-back of own shares at the latest at the end of the seventh dailymarket session following the day of execution of such transactions, inparticular on: (i) the number of own shares bought back; (ii) thepurchase date; (iii) the average purchase price. Upon completion of theSBB, the Board of Directors will communicate to the public a detailedcollective report on its implementation.

Legalbasis:Article 17 (1) of the MAR.