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:                               
Director                      Peter Lawson                                      
Transaction date              12 November 2004                                  
Class of securities           Ordinary shares                                   
Strike price                  860 cents                                         
Number of securities          6 000                                             
Total value                   R51 600                                           
Nature of transaction         Disposal                                          
Extent of interest            Direct beneficial                                 
Clearance to deal obtained    Yes                                               
Director                      Teunis Scharrighuisen                             
Transaction date              15 November 2004                                  
Class of securities           Ordinary shares                                   
Strike price                  885 cents                                         
Number of securities          50 000                                            
Total value                   R442 500                                          
Nature of transaction         Disposal                                          
Extent of interest            Direct beneficial                                 
Clearance to deal obtained    Yes                                               
Maraisburg                                                                      
15 November 2004                                                                
Sponsor                                                                         
LPC Manhattan Sponsors (Pty) Limited                                            
Date: 15/11/2004 05:10:13 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department