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 Sponsors (Pty) Limited is authorised to announce that as at 19    
July 2005, the following directors have exercised share options in the Company :
Director               D Smith       PH Lawson       CHOP Trust    SJ Cox       
                                                     (TR Hendry)                
Allot at R0.90         7 386         9 450           77 616        34 219       
Allot at R1.91         2 796         2 200           5 596         5 596        
Allot at R2.51         4 706         4 706           4 706         4 706        
Allot at R3.44         35 000        40 000          70 000        40 000       
Allot at R4.00         14 000        8 000           8 000         0            
Total allotted         63 888        64 356          165 918       84 518       
Value allotted         R195 405.70   R189 325.00     R360 360.70   R84 518      
All options were exercised on ordinary shares, and clearance was obtained prior 
to the exercising of the options.  The shares are directly and beneficially     
held.                                                                           
The table below sets out the resultant directors" interests in the share capital
of Argent:                                                                      
Director                Number of ordinary    Percentage                       
                         shares held           shareholding                     
 AF Litchka              44 500                0.06%                            
 D Smith                 68 888                0.10%                            
MJ Antonic              255 462               0.35%                            
 PH Lawson               176 068               0.24%                            
 T R Hendry              748 765               1.06%                            
 S Cox                   196 942               0.27%                            
T Scharrighuisen        10 568 925            14.62%                           
 M Allen                 17 000                0.02%                            
 G Youngman              114 160               0.16%                            
 P.A Day                 59 980                0.08%                            
Maraisburg                                                                      
20 July 2005                                                                    
Sponsor                                                                         
LPC Manhattan Sponsors (Pty) Limited                                            
Date: 20/07/2005 11:58:10 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department