Argent Industrial Limited - Exercise Of Share Options By Directors

     Argent Industrial Limited - Exercise Of Share Options By Directors         
     ARGENT INDUSTRIAL LIMITED                                                  
     (Registration number 1993/002054/06)                                       
Share Code: ART & ISIN: ZAE000019188                                       
     ("Argent"or "the company")                                                 
     EXERCISE OF SHARE OPTIONS BY DIRECTORS                                     
     In compliance with rule 3.63 to 3.74 of the Listing Requirements of the JSE
Limited, the following should be noted:                                    
     Vunani Corporate Finance is authorised to announce that as at 15 August    
     2006, the following directors exercised share options in the company:      
                        Allot at 1400 cents  Value allotted (R)                 
M J Antonic        12 146               170 044                            
     S J Cox            12 146               170 044                            
     T R Hendry         12 146               170 044                            
     D Smith            12 146               170 044                            
G Youngman         5 606                78 484                             
     M P Allen          12 146               170 044                            
     A F Litschka       12 146               170 044                            
     All options were exercised on ordinary shares, and clearance to deal was   
obtained prior to the exercising of the options.  The shares are directly  
     and beneficially held.                                                     
     Maraisburg                                                                 
     16 August 2006                                                             
Sponsor                                                                    
     Vunani Corporate Finance (Pty) Limited                                     
Date: 16/08/2006 11:35:56 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department