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                                      
    Sansara Independent Sponsor Services (Pty) Limited is authorised to         
    announce that as at 2 August 2007, the following directors exercised share  
options in the Company :                                                    
                                                                                
                          AF Litschka      SJ Cox      Hendry Trust             
                                                       - TR Hendry              
Allot at R17.90           53 275        2 234            63 962             
    Total shares allotted     53 275        2 234            63 962             
    Total Rand value      953 622.50    39 988.60      1 144 919.80             
                                                                                
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                                                                  
    2 August 2007                                                               
                                                                                
    Sponsor                                                                     
Arcay Moela Sponsors (Pty) Limited                                          
Date: 02/08/2007 14:47:09 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.