ART - Argent - Trading Statement

ART - Argent - Trading Statement                                                
Argent Industrial Limited                                                       
(Incorporated in the Republic of South Africa)                                  
Registration Number:  1993/002054/06                                            
ISIN:  ZAE000019188                                                             
JSE Share Code:  ART                                                            
("Argent" or "the Group")                                                       
TRADING STATEMENT                                                               
In terms of paragraph 3.4(b) 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 2011 to be between 275% and 290% higher       
compared to the previous corresponding period.  This equates to an expected     
headline earnings per share of between 54.04 and 56.2 cents per share, compared 
to headline earnings of 14.4 cents per share reported for the previous          
corresponding period.                                                           
Earnings per share for the year ended 31 March 2011 are estimated to be between 
360% and 375% higher compared to the previous corresponding period.  This       
equates to an expected earnings per share of between 58.39 and 60.29 cents per  
share, compared to earnings of 12.7 cents per share reported for the previous   
corresponding period.                                                           
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 2011 are to be published on or about 23 June 2011 and the annual report to
be posted before 30 June 2011.                                                  
Umhlanga                                                                        
6 June 2011                                                                     
Sponsor: PSG Capital (Proprietary) Limited                                      
Date: 06/06/2011 17:06:01 Supplied by www.sharenet.co.za                     
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