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                                          
Arcay Moela Sponsors (Pty) Limited is authorised to announce that as at 17 July 
2008, the following directors exercised share options in the Company :          
                 M Allen      SJ Cox       Hendry Family Trust - T Hendry       
Allot at R12.50   19 470       42 000       74 000                              


Total Rand value  R243 375     R525 000     R925 000                            
                AF Litschka   D Smith                                           
Allot at R12.50  27 000        59 130                                           


Total Rand value R337 500      R739 125                                         
SUMMARY          Allotted    Rand Value                                         
Allot at R12.50  221 600     R2 770 000                                         
Total shares     221 600     R2 770 000                                         
allotted                                                                        
All options were exercised on ordinary shares, and clearance was obtained prior 
to the exercising of the options.  The shares allocated to individual directors 
are directly and beneficially held.                                             
Maraisburg                                                                      
17 July 2008                                                                    
Sponsor                                                                         
Arcay Moela Sponsors (Pty) Limited                                              
Date: 17/07/2008 17:58:02 Supplied by www.sharenet.co.za                     
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