Results of Annual General Meeting Argent Industrial Limited (Registration number 1993/002054/06) (Incorporated in the Republic of South Africa) Share Code: ART ISIN: ZAE000019188 (“Argent” or “the company”) RESULTS OF ANNUAL GENERAL MEETING (“the AGM”) Shareholders are referred to the AGM which was held at Argent’s office, First Floor, Ridge 63, 8 Sinembe Crescent, La Lucia Ridge Office Estate, Umhlanga on Tuesday 28 October 2014 at 14:00 and are advised that all ordinary and special resolutions proposed in the Notice of Annual General Meeting were passed, other than ordinary resolution 11 relating to the placing of unissued shares under control of the directors, by the requisite number of shareholders present and represented by proxy and being entitled to vote at the AGM. The resolutions proposed, and the details of results are set out below: Votes Shares abstained Votes for against as a percentage resolution resolution (%) of shares in (%) * (%) * issue Ordinary resolution 100 0 0 number 1: To accept the presentation of the audited annual financial statements Ordinary resolution 72.75 27.25 0 number 2: To re-elect Mr PA Day as an independent non- executive director Ordinary resolution 100 0 0 number 3: To re-elect Mr K Mapasa as an independent non- executive director Ordinary resolution 100 0 0 number 4: To re-elect Mrs JA Etchells as an independent non- executive director Ordinary resolution 73 27 0 number 5: To re-elect Mr CD Angus as an independent non- executive director Ordinary resolution 100 0 0 number 6: To appoint Mr K Mapasa as a member of the audit and risk committee Ordinary resolution 100 0 0 number 7: To appoint Mrs JA Etchells as a member of the audit and risk committee Ordinary resolution 100 0 0 number 8: To appoint Mr CD Angus as a member of the audit and risk committee Ordinary resolution 100 0 0 number 9: To re- appoint the auditor, Grant Thornton Ordinary resolution 100 0 0 number 10: To confirm the auditor’s remuneration Ordinary resolution 25.82 74.18 0 number 11: Unissued shares placed under control of the directors Ordinary resolution 100 0 0 number 12: Directors’ authority to give effect to resolutions Special resolution 100 0 0 number 1: Remuneration of directors Special resolution 100 0 0 number 2: Inter- company loans Special resolution 81.73 18.27 0 number 3: Repurchase by Argent of its own shares Special resolution 92.78 7.22 0 number 4: Repurchase by subsidiaries of Argent of shares issued Note * - In relation to the total number of shares voted at the AGM Total shares voted in person or by proxy amounted to 56.53% of total issued share capital, being 54 545 571 shares. Umhlanga 29 October 2014 Sponsor: PSG Capital Proprietary Limited Date: 29/10/2014 08:45:00 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.