Huuuge Inc.

Report Publication Announcement • Jul 7, 2021

Report16/2021

Exerciseof stock options

07-07-2021Inreference to the information contained in the prospectus that the totalnumber of stock options exercisable as of February 28, 2021 was3,188,795, Huuuge, Inc. (the "Issuer") announces the completion of itsfirst stock option exercise period following the publication of theprospectus. As of June 30, 2021, 980,286 stock options have beenexercised and, in addition, the Issuer expects that 17,510 stock optionswill be exercised by July 18, 2021. Once the options are exercised andthe Issuer's shares are credited to the securities accounts of theincentive plan participants, the shares may be traded by the respectiveincentive plan participants without further restrictions.

TheIssuer allocated 997,796 of the Issuer's treasury shares for theexercise of the stock options, which constitutes 1.2% of the Issuersoutstanding shares. No new shares have been issued by the Issuer inconnection with the exercise of the options and the Issuer's treasuryshares will reduce the number of new shares available for issuance underthe incentive plans. Accordingly, the number of treasury shares held bythe Issuer will be reduced to approximately 2,333,872.

Legalbasis: Article 17(1) of the MAR.