ARGENT INDUSTRIAL LIMITED - DEALING IN SECURITIES BY DIRECTORS

ARGENT INDUSTRIAL LIMITED - 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                      T Scharrighuisen                                  
Transaction date              26 January 2005                                   
Class of securities           Ordinary shares                                   
Strike price                  1002 cents                                        
Number of securities          50000                                             
Total value                   R501 000                                          
Nature of transaction         Disposal                                          
Extent of interest            Direct beneficial                                 
Clearance to deal obtained    Yes                                               
Maraisburg                                                                      
26 January 2005                                                                 
Sponsor                                                                         
LPC Manhattan Sponsors (Pty) Limited                                            
Date: 27/01/2005 02:59:09 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department