Argent - Exercise of share options by directors

Argent - 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 Sponsors (Pty) Limited is authorised to announce that as at 13    
December 2004, the following directors have exercised share options in the      
Company :                                                                       
Director          Allot at  Allot at   Allot at  Allot at   Allot at  Total     
R0.90     R1.91      R2.51     R3.44      R9.20     allotted  

AF Litchka                                       10 000               10 000    
D Smith                                          17 848     20 000    37 848    
MJ Antonic        5 350     5 000      4 706     40 000     10 000    55 056    
PH Lawson                                                   10 000    10 000    
T R Hendry                                                  50 000    50 000    
S Cox                                                       35 000    35 000    
T Scharrighuisen                                 30 000     50 000    80 000    
M Allen                                                     5 000     5 000     
G Youngman                                                  5 000     5 000     
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                                                   

 AF Litchka              10 000             0.015%%                             
 D Smith                 37 848             0.042%                              
 MJ Antonic              285 462            0.43%                               
PH Lawson               75 356             0.11%                               
 T R Hendry              511 547            0.76%                               
 S Cox                   127 424            0.19%                               
 T Scharrighuisen        10 648 925         15.9%                               
M Allen                 5 000              0.0075%                             
 G Youngman              109 160            0.16%                               
 P.A Day                 59 980             0.09%                               
Maraisburg                                                                      
13 December 2004                                                                
Sponsor                                                                         
LPC Manhattan Sponsors (Pty) Limited                                            
Date: 13/12/2004 02:42:22 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department