Results of the Annual General Meeting of Argent 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 THE ANNUAL GENERAL MEETING OF ARGENT Shareholders are hereby advised that at the annual general meeting of the Company held at 10h00 today, 5 September 2016, in the Company’s boardroom at First Floor, Ridge 63, 8 Sinembe Crescent, La Lucia Ridge Office Estate, Umhlanga (“Annual General Meeting”), all of the proposed ordinary and special resolutions, save for special resolution number 3, were passed by the requisite majority of votes cast by Argent shareholders present or represented by proxy. The detailed voting results of the Annual General Meeting are set out below. Altogether 62.64% of voteable shares in issue, being 59 837 512 shares, were represented at the AGM. Annual General Meeting Results: Votes for Votes Number of Number of Shares abstained as resolutio against shares voted shares voted a percentage of n (%)* resolution at the Annual at the Annual shares in issue (%) (%)* General General Meeting Meeting as a percentage of shares in issue (%) Ordinary resolution WITHDRAWN number 1: To re- elect Mr PA Day as an independent non- executive director Ordinary resolution 75.54 24.46 59 837 512 62.64 0.00 number 2: To re- elect Mr K Mapasa as an independent non- executive director Ordinary resolution 98.40 1.60 59 500 769 62.08 0.56 number 3: To re- elect Mr CD Angus as an independent non- executive director Ordinary resolution 72.99 27.01 59 837 512 62.64 0.00 number 4: To appoint Mr K Mapasa as a member of the audit and risk committee Ordinary resolution 98.40 1.60 59 500 769 62.08 0.56 number 5: To appoint Mr CD Angus as a member of the audit and risk committee Ordinary resolution WITHDRAWN number 6: To appoint Mr PA Day as a member of the audit and risk committee Ordinary resolution 99.19 0.81 59 500 769 62.08 0.56 number 7: To re- appoint the auditor, Grant Thornton Ordinary resolution 65.19 34.81 59 837 512 62.64 0.00 number 8: Unissued shares placed under control of the directors Special resolution 96.15 3.85 59 837 512 62.64 0.00 number 1: Remuneration of directors Special resolution 99.05 0.95 59 837 512 62.64 0.00 number 2: Inter- company loans Special resolution 71.83 28.17 59 837 512 62.64 0.00 number 3: Financial assistance for the subscription and/or purchase of shares in the company or a related or inter- related company Special resolution 89.36 10.64 59 837 512 62.64 0.00 number 4: Share repurchases by the company and its subsidiaries Special resolution 99.19 0.81 59 837 512 62.64 0.00 number 5: Amendment to the memorandum of incorporation Notes: * In relation to the total number of shares voted at the Annual General Meeting. 5 September 2016 Umhlanga Rocks Sponsor PSG Capital Proprietary Limited Date: 05/09/2016 03:30:00 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.