ART - Argent Industrial Limited - Trading statement

ART - Argent Industrial Limited - Trading statement                             
Argent Industrial Limited                                                       
(Incorporated in the Republic of South Africa)                                  
Registration number 1993/002054/06                                              
ISIN: ZAE000019188                                                              
JSE Share code:  ART                                                            
TRADING STATEMENT                                                               
In terms of the Listings Requirements of the JSE Limited, companies are required
to publish a trading statement as soon as they are reasonably certain that the  
financial results for the current reporting period will differ by more than 20% 
from those of the previous corresponding period.                                
Argent accordingly advises that it expects the Group`s headline earnings per    
share for the year ended 31 March 2010 to be between 85% and 95% lower compared 
to the previous corresponding period.  This equates to a headline earnings per  
share of between 18.45 and 6.15 cents per share, compared to headline earnings  
of 123.0 cents per share for the previous corresponding period.                 
Earnings per share for the year ended 31 March 2010 are estimated to be between 
85% and 95% lower compared to the previous corresponding period.  This equates  
to an earnings per share of between 18.95 and 6.32 cents per share, compared to 
earnings of 126.4 cents per share for the previous corresponding period.        
The Group has achieved improved earnings in the second half of 2010 compared    
with the first half despite the Christmas slowdown, which reinforces the        
continued improvement in profitability of the group since the dramatic fall in  
market conditions from September 2008.                                          
The above information has not been reviewed or reported on by the Group`s       
external auditors.  It is anticipated that the results for the year ended 31    
March 2010 are to be published on or about 22 June 2010 and the annual report to
be posted before the 30 June 2010.                                              
Umhlanga                                                                        
3 June 2010                                                                     
Sponsor: Investec Bank Limited                                                  
Date: 03/06/2010 15:17:01 Supplied by www.sharenet.co.za                     
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