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 as at 6 July 2004, the following   
directors have exercised share options in the Company :                         
Director        Allot   Allot     Allot    Allot   Allot    Allot      Total    
                   at      at        at       at      at       at   allotted    
R0.90   R1.91     R2.51    R3.44   R4.96    R4.97               

M J Antonic    30 000       0         0        0           20 000     50 000    
S J Cox         9 216   5 596      4706   40 000           10 000     69 518    
P A Day        78 750  15 000    18 824        0                0    112 574    
T R Hendry     37 616   5 596     4 706   70 000  30 000             147 918    
P Lawson            0       0         0        0           10 000     10 000    
D Smith         7 386   2 796     4 706   22 152            5 000     42 040    
G K Youngman    7 520   2 200         0   40 000   5 000              54 720    
All options were exercised on ordinary shares, and clearance was obtained prior 
to the exercising of the options.  The table below sets out the resultant       
directors" interests in the share capital of Argent:                            
Director                       Number of     Percentage                         
ordinary shares   shareholding                         

                                    held                                        
M J Antonic                      270 406           0.59                         
S J Cox                           72 906           0.40                         
P A Day                          347 406           0.52                         
T R Hendry                       399 129           0.11                         
P Lawson                          77 856           0.07                         
D Smith                           53 946           0.12                         
G K Youngman                      49 440           0.08                         
Maraisburg                                                                      
7 July 2004                                                                     
Sponsor                                                                         
LPC Manhattan Sponsors (Pty) Limited                                            
Registration number 1999/012479/07                                              
Date: 07/07/2004 04:52:08 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department