ART - Argent Industrial Limited - Exercise of Share Options by Directors

ART - 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 15  
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 :                                                  
AF Litschka                                            

                                                                                
  Allot at R0.90                                                                
  Allot at R1.91                                                                
Allot at R2.51                                                                
  Allot at R3.44         10 000                                                 
  Allot at R4.00                                                                
  Allot at R5.40                                                                
Allot at R4.53                                                                
  Allot at R10.65                                                               
  Allot at R15.50                                                               
  Total shares alloted   10 000                                                 


  Total Rand value       34 400 - 00                                            
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                                                                      
15 December 2006                                                                
Sponsor                                                                         
Vunani Corporate Finance (Pty) Limited                                          
Date: 15/12/2006 12:50:01 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.