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 Moela (Pty) Limited is authorised to announce that as at 24       
February 2006, the following exercised share options in the Company :           
                                    Allot at R12.30  Value allotted (R)         
M Antonic                                    13 726          168 829.80         
M Allen                                      38 275          470 782.50         
S Cox                                        34 672          426 465.60         
T Hendry (Hendry Trust)                      36 453          448 371.90         
P Lawson                                     24 610          302 703.00         
F Litshka                                    37 421          460 278.30         
D Smith                                      18 249          224 462.70         
G Youngman                                   24 611          302 715.30         
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                                                                      
28 February 2006                                                                
Sponsor                                                                         
LPC Manhattan Moela (Pty) Limited                                               
Date: 28/02/2006 10:18:04 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department