Argent Industrial Limited - Exercise of share options by directors

Argent Industrial Limited - 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 6   
December 2006, in addition to the previous announcement regarding the exercise  
of share options by directors of the company, the following director exercised  
share options in the Company :                                                  
K Mapasa                                           

   Allot at R0.90                                                               
   Allot at R1.91                                                               
   Allot at R2.51                                                               
Allot at R3.44                                                               
   Allot at R4.00                                                               
   Allot at R5.40                                                               
   Allot at R4.53                                                               
Allot at R10.65           2 000                                              
   Allot at R15.50                                                              
   Total shares alloted      2 000                                              
   Total Rand value          21 300                                             
The summary table provided in the previous announcement included these shares.  
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                                                                      
6 December 2006                                                                 
Sponsor                                                                         
Vunani Corporate Finance (Pty) Limited                                          
Date: 06/12/2006 05:10:04 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department