Huuuge Inc.

Share Issue/Capital Change • Apr 7, 2021

Report 11/2021

Information on the costs ofthe Offering and stabilization actions incurred by the Issuer

06-04-2021

In reference tocurrent report No. 5/2021 dated February 17, 2021, Huuuge, Inc. (the "Issuer"),hereby reports that the total costs incurred by the Issuer in connectionwith the Offering (as defined in report No. 5/2021) amounted to USD7,371,600 (approx. PLN 28,729,337), comprising:

(i)costsof preparation and conducting the Offering: USD 406,400 (approx. PLN1,583,861);

(ii)costsof the underwriters' fees: USD 4,806,624 (approx. PLN 18,732,856);

(iii)costsof preparation of the prospectus, including advisory costs: USD2,036,810 (approx. PLN 7,938,059); and

(iv)costsof promotion of the Offering: USD 121,767 (approx. PLN 474,561).

The total cost ofthe Public Offering indicated above has been accounted for by:

- a charge tocurrent period expenses of USD 1,651,027 (approx. PLN 6,434,546) ofwhich USD 1,525,825 (approx. PLN 5,946,598) was recorded in the year2020 and USD 125,202 (approx. PLN 487,948) was recorded in the year2021; and

- a decrease inequity raised from the offering of USD 5,720,574 (approx. PLN22,294,792) of which USD 864,042 (approx. PLN 3,367,432) decreased 2020equity, USD 4,856,531 (approx. PLN 18,927,360) decreased 2021 equity.

The average costof the Offering per Offer Share (as defined in current report No.5/2021): USD 0.65 (approx. PLN 2.54).

Further tocurrent report No. 8/2021 of February 26, 2021, the Issuer announcesthat on February 26, 2021 the Issuer completed the stabilization actionswhich began on February 19, 2021. The Issuer acquired indirectly throughthe Stabilization Manager treasury shares in a total number of 3,331,668at a price range of PLN 38.40 - 49.98. The acquired shares will berecognized as a reduction of equity 2021 (treasury shares). The totalcommission to the Stabilization Manager amounted to USD 1,121,279(approx. PLN 4,369,959).

The valuespresented in this report in USD have been converted into PLN at theaverage exchange rate announced by the National Bank of Poland for USDas at the date of this report, i.e., USD 1 = PLN 3.8973.

Legal basis: §16 of the Regulation of theMinister of Finance dated March 29, 2018, on current and periodicinformation provided by issuers of securities and conditions forrecognizing as equivalent information required by the laws of anon-member state.