ARGENT - DEALING IN SECURITIES BY DIRECTORS

ARGENT - DEALING IN SECURITIES BY DIRECTORS                                     
ARGENT INDUSTRIAL LIMITED                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration number 1993/002054/06)                                           
(Share code: ART  ISIN:  ZAE000019188)                                          
("Argent" or "the Company")                                                     
DEALING IN SECURITIES BY DIRECTORS                                              
In terms of paragraph 3.63 - 3.74 of the Listing Requirements of the JSE        
Securities Exchange South Africa, the following information, relating to the    
dealing in securities by directors, is disclosed:                               
Executive Director            Treve Hendry                                      
Transaction date              29 September 2004                                 
Class of securities           Ordinary shares                                   
Strike price                  659 cents                                         
Number of securities          30 128                                            
Total value                   R198 543.52                                       
Nature of transaction         Disposal                                          
Extent of interest            Direct beneficial                                 
Clearance to deal obtained    Yes                                               
Executive Director            Treve Hendry                                      
Transaction date              30 September 2004                                 
Class of securities           Ordinary shares                                   
Strike price                  653 cents                                         
Number of securities          55 372                                            
Total value                   R361 579.16                                       
Nature of transaction         Disposal                                          
Extent of interest            Direct beneficial                                 
Clearance to deal obtained    Yes                                               
Maraisburg                                                                      
1 October 2004                                                                  
Sponsor                                                                         
LPC Manhattan Sponsors (Pty) Limited                                            
Date: 01/10/2004 04:15:08 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department