Argent Industrial Limited - Dealing in securities by directors

Argent Industrial Limited - Dealing in securities 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")                                                     
DEALING IN SECURITIES BY DIRECTORS                                              
In terms of paragraph 3.63 - 3.74 of the Listing Requirements of the JSE        
Limited, the following information, relating to the dealing in securities by    
directors, is disclosed:                                                        
Director                               D Smith                                  
Transaction date                       17 July 2006                             
Class of securities                    Ordinary shares                          
Purchase Price                         1430 cents                               
Number of securities                   190                                      
Total value                            R2 717                                   
Nature of transaction                  Disposal                                 
Extent of interest                     Direct beneficial                        
Clearance to deal obtained             Yes                                      
Maraisburg                                                                      
18 July 2006                                                                    
Sponsor                                                                         
Vunani Corporate Finance (Pty) Limited                                          
Date: 18/07/2006 05:55:28 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department