Results of the 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 THE ANNUAL GENERAL MEETING OF ARGENT Shareholders are hereby advised that at the annual general meeting of the Company held at 10h00 today, 30 August 2017, 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 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 67.80% of voteable shares in issue, being 64 633 140 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 100.00 0.00 64 531 467 67.80 0.16 number 1: To re- elect Mr PA Christofides as an independent non- executive director Ordinary resolution 66.11 33.89 64 531 467 67.80 0.16 number 2: To re- elect Mr K Mapasa as an independent non- executive director Ordinary resolution 100.00 0.00 64 531 467 67.80 0.16 number 3: To re- elect Mr CD Angus as an independent non- executive director Ordinary resolution 63.86 36.14 64 531 367 67.80 0.16 number 4: To appoint Mr K Mapasa as a member of the audit and risk committee Ordinary resolution 100.00 0.00 64 531 467 67.80 0.16 number 5: To appoint Mr CD Angus as a member of the audit and risk committee Ordinary resolution 100.00 0.00 64 531 467 67.80 0.16 number 6: To appoint Mr PA Christofides as a member of the audit and risk committee Ordinary resolution 100.00 0.00 64 602 277 67.80 0.05 number 7: To re- appoint the auditor, Grant Thornton Ordinary resolution 66.12 33.88 64 597 277 67.80 0.06 number 8: Unissued shares placed under control of the directors Ordinary resolution 88.74 11.26 64 600 277 67.80 0.05 number 9: Non- binding endorsement of Argent’s remuneration policy Special resolution 99.87 0.13 64 601 277 67.80 0.05 number 1: Remuneration of non- executive directors Special resolution 100.00 0.00 64 601 277 67.80 0.05 number 2: Inter- company loans Special resolution 98.06 1.94 64 603 277 67.80 0.05 number 3: Share repurchases by the company and its subsidiaries Notes: * In relation to the total number of shares voted at the Annual General Meeting. 30 August 2017 Umhlanga Rocks Sponsor PSG Capital Proprietary Limited Date: 30/08/2017 11:09:00 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.