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 Moela (Pty) Limited is authorised to announce that as at 10 March 
2006, the following exercised share options in the Company:                     
                             Allot at R12.30     Value allotted (R)             
M Antonic                    42 380              521 274.00                     
M Allen                      17 831              219 321.30                     
S Cox                        37 439              460 499.70                     
T Hendry (Hendry Trust)      55 658              684 593.40                     
F Litshka                    18 685              229 825.50                     
D Smith                      37 857              465 641.10                     
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                                                                      
10 March 2006                                                                   
Sponsor                                                                         
LPC Manhattan Moela (Pty) Limited                                               
Date: 10/03/2006 09:40:10 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department