Small related party transaction Argent Industrial Limited (Registration number 1993/002054/06) (Incorporated in the Republic of South Africa) Share Code: ART ISIN: ZAE000019188 (“Argent” or “the Company” or “the Group”) SMALL RELATED PARTY TRANSACTION 1. Introduction Argent through its wholly-owned subsidiary GHL Properties (Pty) Limited (“GHL”) entered into a disposal agreement with NWN Automotive Precision Engineering (Pty) Limited (“NWN”) in terms of which GHL has agreed to dispose of a property that is an industrial factory (“the Disposal”) and is situated at, Portion 56 of Erf 534, Wadeville, Extension 2, Mullet Road, Durban (“the Property”). 2. Rationale The rationale for the Disposal is that the Property is no longer considered to be a strategic asset to the Group and the Company will utilise the cash proceeds obtained from the Disposal to expand the Group’s other business ventures. 3. Cash consideration and conditions precedent The cash consideration of R7,500,000 (seven million five hundred thousand rand) will be settled in full upon transfer of the Property. The Disposal is not subject to any conditions precedent. 4. Effective date The effective date of the Disposal will be the transfer date of the Property into the name of NWN. 5. Pro forma financial effects In terms of the JSE Listings Requirements (“Listings Requirements”), the financial effects of the Disposal are not significant and are below the reporting threshold. 6. Categorisation and related party NWN is an associate of certain directors of Argent and is therefore defined as a related party as per paragraph 10.1(b)(vii) of the Listing Requirements. Due to the size of the Disposal, the Disposal is classified as a small related party transaction. 7. Independent registered valuer In terms of Section 10.4(f) of the Listings Requirements the Company has appointed Icon Valuations (Pty) Limited (“Icon”) as the independent registered valuer in order to provide an opinion on the fairness of the Disposal. Based on the valuation report the board has found the Disposal to be fair to shareholders. Icon’s valuation report will be available for inspection at Argent’s registered office, until 13 March 2013. Umhlanga 12 February 2013 Sponsor: PSG Capital Proprietary Limited Date: 12/02/2013 05:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.