Argent Industrial Limited - Exercise Of Share Options By Directors

Argent Industrial Limited - Exercise Of Share Options 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")                                                     
EXERCISE OF SHARE OPTIONS BY DIRECTORS                                          
LPC Manhattan is authorised to announce that the following share options have   
been exercised by the directors of Argent Industrial Limited:                   
  DIRECTOR         2001       2002       2002       2003     Extent of          
                at 0.90    at 0.90    at 1.91    at 2.51      Interest          
M J Antonic      30 000      5 350      5 000      4 706      Directly          
                                                            beneficial          
S J Cox           2 500      5 350      5 000      4 706      Directly          
                                                            beneficial          
P A Day          30 000      6 250      5 000      4 706      Directly          
                                                            beneficial          
T R Hendry       30 000      6 250      5 000      4 706      Directly          
                                                            beneficial          
P H Lawson        8 000      1 450      2 200      4 706      Directly          
                                                            beneficial          
D Smith           3 500      2 520      2 200      4 706      Directly          
                                                            beneficial          
Maraisburg                                                                      
7 August 2003                                                                   
Sponsor                                                                         
LPC Manhattan Sponsors (Pty) Limited                                            
Date: 07/08/2003 12:41:12 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department