Acquisition of OSA Door Parts Limited Argent Industrial Limited (Registration number 1993/002054/06) (Incorporated in the Republic of South Africa) Share Code: ART ISIN: ZAE000019188 (“Argent” or “the Company”) ACQUISITION OF OSA DOOR PARTS LIMITED (“OSA” or “The Business”) 1. Introduction and rationale Argent is pleased to announce that it has entered into an agreement to purchase the entire issued share capital of OSA from Ensor Holdings PLC for a purchase consideration of GBP2 500 000 payable in cash (“the Transaction”). The rationale for the Transaction is to expand Argent’s manufacturing brand division. 2. The description of the Business OSA is a manufacturer and trade supplier of industrial sectional insulated warehouse doors. The Business is situated in and predominantly operates in the United Kingdom. 3. The consideration, conditions precedent and effective date. 3.1 The cash consideration of GBP2 500 000 to be settled in cash within 24 hours after the completion date of the agreement being 12 July 2016. The Transaction will be implemented on 12 July 2016. 3.2 There are no outstanding conditions precedent. 4. Financial Information 4.1 The value of net assets attributable to the Business amounts to GBP850 000. 4.2 The profits attributable to the Business amounts to GBP400 000 after taxation. 4.3 The financial information contained in this announcement has not been reviewed or reported on by Argent’s auditors. 5. Categorisation 5.1 As the Transaction amounts to more than 5% but less than 30% of the market capitalisation, the Transaction is classified as a category 2 transaction in terms of paragraph 9.5 of the JSE Listings Requirements. 5.2 This announcement is made for information purposes only and no action is required by Argent shareholders with regards to the Transaction. 6. The Memorandum of Incorporation of OSA does not conflict with Argent’s obligations in terms of compliance with the JSE Listing Requirements. Umhlanga 11 July 2016 Sponsor: PSG Capital Proprietary Limited Date: 11/07/2016 03:00:00 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.