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                                          
Further to the announcement regarding the exercise of share options by directors
dated 20 July 2005, the following is intended as a replacement due to a         
calculation error in the allotment table.  The correct figures are shown below: 
Director   Allot  Allot  Allot at    Allot at   Allot    Total     Value        
at     at     R2.51       R3.44      at       allotted  allotted     

           R0.90  R1.91                         R4.00                           
D Smith    7 386  2 796  4 706       35 000     14 000   63 888    R200 199.82  
PH Lawson  9 450  2 200  4 706       40 000     8 000    64 356    R194 119.06  
CHOP       77 616 5 596  4 706       70 000     8 000    165 918   R365 154.82  
Trust (TR                                                                       
Hendry)                                                                         
SJ Cox     34 219 5 596  4 706       40 000     0        84 518    R190 897.52  
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    Percentage                                
                         ordinary     shareholding                              
                         shares held                                            
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                                                                      
26 July 2005                                                                    
Sponsor                                                                         
LPC Manhattan Moela (Pty) Limited                                               
Date: 26/07/2005 05:31:28 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department