ARGENT - RESULTS OF THE GENERAL MEETING

ARGENT INDUSTRIAL LIMITED
REGISTRATION NUMBER 93/02054/06
("ARGENT" OR "THE COMPANY")
RESULTS OF THE GENERAL MEETING

MANHATTAN EQUITY IS AUTHORISED TO ANNOUNCE THAT AT THE ARGENT GENERAL MEETING
HELD ON FRIDAY, 25 AUGUST 2000, THE SPECIAL AND ORDINARY RESOLUTIONS REQUIRED
TO APPROVE THE:
- NEW SHARE OPTION SCHEME; AND
- INCREASE IN AUTHORISED SHARE CAPITAL;

- GENERAL AUTHORITY OF THE COMPANY TO REPURCHASE ITS OWN SHARES;

WERE PASSED BY THE REQUISITE MAJORITY OF ARGENT ORDINARY SHAREHOLDERS. THE
DIRECTORS OF ARGENT HAVE HOWEVER DECIDED NOT TO PURSUE THE RESOLUTION RELATING
TO THE GENERAL AUTHORITY FOR THE COMPANY TO REPURCHASE ITS OWN SHARES ON THE
JOHANNESBURG STOCK EXCHANGE. IN THEIR OPINION THE GROUP'S CASH FLOWS WILL BE
BETER UTILISED IN FINANCING THE GROUP'S CURRENT EXPANSION DRIVE.

THE SPECIAL RESOLUTIONS PASSED WILL NOW BE LODGED WITH THE REGISTRAR OF
COMPANIES FOR REGISTRATION.
JOHANNESBURG
30 AUGUST 2000
GERMISTON
22 AUGUST 2000
CORPORATE ADVISERS
MANHATTAN EQUITY
KEYES
AUDITORS
ETCHELLS LEE OOSTHUIZEN INC.
SPONSORING BROKER
INDEPENDENT SECURITIES
INDEPENDENT SECURITIES (PROPRIETARY) LIMITED
MEMBER OF THE JOHANNESBURG STOCK EXCHANGE
(REGISTRASION NUMBER 98/01650/07)