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 effective 1 
December 2005, the following directors have exercised share options in the      
Company:                                                                        
Director                   Allot   Allot  Allot  Allot at R3.44    Allot at     
at      at     at                       R4.00        

                           R0.90   R1.91  R2.51                                 
MP Allen                                  5 000  15 000            3 000        
M Antonic                  35 350  5 000  4 706  40 000            8 000        
Chop Trust - T Hendry                                                           
S Cox                                                                           
AF Litschka                                      10 000                         
T Scharrighuisen                                 30 000                         
D Smith                                          5 000                          
G Youngman                 7 520   2 200         40 000            3 000        
Director                Allot at  Allot at      Total allotted  Value allotted  
                        R5.40     R11.40                        (R)             
MP Allen                8 250     10 000        41 250          234 700.00      
M Antonic               8 250     10 000        111306          381 327.06      
Chop Trust - T Hendry   8 250     50 000        58 250          614 450.00      
S Cox                   8 250     35 000        43 250          443 550.00      
AF Litschka             8 250     10 000        28 250          192 950.00      
T Scharrighuisen        8 250     50 000        88 250          717 750.00      
D Smith                 8 250     10 000        23 250          175 750.00      
G Youngman              8 250     5 000         65 970          262 120.00      
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.                                                                           
Maraisburg                                                                      
8 December 2005                                                                 
Sponsor                                                                         
LPC Manhattan Sponsors (Pty) Limited                                            
Date: 08/12/2005 11:46:04 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department