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 1     
December 2005, the following exercised share options in the Company :           
                     Allot   Allot   Allot   Allot  Allot at                    
                     at      at      at      at     R4.00                       
R0.90   R1.91   R2.51   R3.44                              

N Glover (Company                                                               
Secretary                                                                       
                     Allot   Allot at  Total     Value allotted                 
at      R11.40    allotted  (R)                            

                     R5.40                                                      
N Glover (Company            2 500     2 500     28 500.00                      
Secretary)                                                                      
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                                                                      
9 December 2005                                                                 
Sponsor                                                                         
LPC Manhattan Sponsors (Pty) Limited                                            
Date: 09/12/2005 02:06:49 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department