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                                          
Vunani Corporate Finance (Pty) Limited is authorised to announce that as at 30  
June 2006, the following directors exercised share options in the Company :     
                       SJ Cox      Chop Trust -   AF Litschka    Totals         
TR Hendry                                    

Allot at R0.90         31 716      47 616                        79 332         
Allot at R1.91         5 596       5 596                         11 192         
Allot at R2.51         4 706       4 706                         9 412          
Allot at R3.44         40 000      70 000                        110 000        
Allot at R4.00                     8 000                         8 000          
Allot at R5.40         8 250       8 250          8 250          24 750         
Allot at R4.53         4 222       4 222          4 222          12 666         
Allot at R10.65        32 000      40 000         30 000         102 000        
Total shares alloted   126 490     188 390        42 472         357 352        
Total Rand value       593 120.48  827 830.48     383 175.66     1 804 126.62   
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                                                                      
30 June 2006                                                                    
Sponsor                                                                         
Vunani Corporate Finance (Pty) Limited                                          
Date: 30/06/2006 05:55:41 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department