Changes To The Board Argent Industrial Limited (Registration number 1993/002054/06) (Incorporated in the Republic of South Africa) Share Code: ART ISIN: ZAE000019188 (“Argent” or “the company”) CHANGES TO THE BOARD: NON-EXECUTIVE DIRECTORS AND CHANGES TO THE FUNCTIONS OF DIRECTORS In compliance with paragraph 3.59(b) of the Listings Requirements of the JSE Limited, the shareholders are hereby informed of the resignation of Mr. Patrick Day (“Pat”) as an independent non-executive director with effect from 24 August 2016. Pat has decided to retire and dedicate more time to his personal interests. The Board would like to thank Pat for his contribution to the company and wish him well in his future ventures. Mr. Panagiotis Christofides (“Pedro”) has been appointed to replace Mr. Patrick Day with immediate effect as an independent non-executive director. Pedro will become a member of the audit and risk committee, nomination committee as well as the remuneration committee. In compliance with paragraph 3.59(c) of the Listings Requirements of the JSE Limited, the shareholders are hereby informed that due to the resignation of Mr. Patrick Day from the nominations committee, Mr. Clayton Angus will be appointed as chair of the nominations committee with effect from 24 August 2016. Umhlanga 24 August 2016 Sponsor: PSG Capital Proprietary Limited Date: 24/08/2016 10:16:00 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.