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              20 July 2006                                      
Class of securities           Ordinary shares                                   
Purchase Price                1395 cents                                        
Number of securities          1 040                                             
Total value                   R14 508                                           
Nature of transaction         Disposal                                          
Extent of interest            Direct beneficial                                 
Clearance to deal obtained    Yes                                               
Director                      D Smith                                           
Transaction date              20 July 2006                                      
Class of securities           Ordinary shares                                   
Purchase Price                1390 cents                                        
Number of securities          8 960                                             
Total value                   R124 544                                          
Nature of transaction         Disposal                                          
Extent of interest            Direct beneficial                                 
Clearance to deal obtained    Yes                                               
Maraisburg                                                                      
20 July 2006                                                                    
Sponsor                                                                         
Vunani Corporate Finance (Pty) Limited                                          
Date: 20/07/2006 04:15:11 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department