Trading Statement Argent Industrial Limited (Registration number 1993/002054/06) (Incorporated in the Republic of South Africa) Share Code: ART ISIN: ZAE000019188 (“Argent” or “the company”) TRADING STATEMENT In terms of paragraph 3.4 (b) of the Listings Requirements of the JSE Limited, companies are required to publish a trading statement as soon as they are satisfied that there is a reasonable degree of certainty that the financial results for the next reporting period will differ by more than 20% from those of the previous corresponding period. Headline earnings per share for the 6 months ended 30 September 2016 are expected to be between 15.4% and 35.4% higher at 38.6 and 45.3 cents per share than the 33.5 cents per share reported for the previous corresponding period. Earnings per share for the 6 months ended 30 September 2016 are expected to be between 23.5% and 43.5% higher at 38.5 and 44.8 cents per share than the 31.2 cents per share reported for the previous corresponding period. The above information has not been reviewed or reported on by the company’s external auditors. It is anticipated that the results for the six months ended 30 September 2016 are to be published on SENS on or about 17 November 2016. Umhlanga 21 September 2016 Sponsor: PSG Capital Proprietary Limited Date: 21/09/2016 08:58:00 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.