Dealing in Securities by Associate of Directors ARGENT INDUSTRIAL LIMITED (Registration number 1993/002054/06) (Incorporated in the Republic of South Africa) Share Code: ART ISIN: ZAE000019188 DEALING IN SECURITIES BY ASSOCIATE OF DIRECTORS In compliance with rules 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information is disclosed: NAME OF DIRECTOR: T R HENDRY STATUS: EXECUTIVE DIRECTOR COMPANY: ARGENT INDUSTRIAL LIMITED TYPE OF SECURITIES: ORDINARY SHARES DATE OF TRANSACTION: 25 JANUARY 2018 CENTS PER SHARE: 391 NUMBER OF SECURITIES 8 820 TRANSACTED: TOTAL RAND VALUE OF R 34 486.20 SECURITIES: NATURE OF TRANSACTION: PURCHASE (ON-MARKET TRANSACTION) NATURE AND EXTENT OF INDIRECT BENEFICIAL DIRECTOR'S INTEREST IN THE TRANSACTION: NAME OF THE ASSOCIATE: NWN AUTOMOTIVE PRECISION ENGINEERING (PTY) LTD RELATIONSHIP WITH SHAREHOLDER DIRECTOR: CONFIRMATION THAT YES CLEARANCE HAS BEEN GIVEN IN TERMS OF PARAGRAPH 3.66: DATE OF CONFIRMATION: 13 NOVEMBER 2017 NAME OF DIRECTOR: S J COX STATUS: EXECUTIVE DIRECTOR COMPANY: ARGENT INDUSTRIAL LIMITED TYPE OF SECURITIES: ORDINARY SHARES DATE OF TRANSACTION: 25 JANUARY 2018 CENTS PER SHARE: 391 NUMBER OF SECURITIES 2 940 TRANSACTED: TOTAL RAND VALUE OF R 11 495.40 SECURITIES: NATURE OF TRANSACTION: PURCHASE (ON-MARKET TRANSACTION) NATURE AND EXTENT OF INDIRECT BENEFICIAL DIRECTOR'S INTEREST IN THE TRANSACTION: NAME OF THE ASSOCIATE: NWN AUTOMOTIVE PRECISION ENGINEERING (PTY) LTD RELATIONSHIP WITH SHAREHOLDER DIRECTOR: CONFIRMATION THAT YES CLEARANCE HAS BEEN GIVEN IN TERMS OF PARAGRAPH 3.66: DATE OF CONFIRMATION: 13 NOVEMBER 2017 NAME OF DIRECTOR: A F LITSCHKA STATUS: EXECUTIVE DIRECTOR COMPANY: ARGENT INDUSTRIAL LIMITED TYPE OF SECURITIES: ORDINARY SHARES DATE OF TRANSACTION: 25 JANUARY 2018 CENTS PER SHARE: 391 NUMBER OF SECURITIES 2 940 TRANSACTED: TOTAL RAND VALUE OF R 11 495.40 SECURITIES: NATURE OF TRANSACTION: PURCHASE (ON-MARKET TRANSACTION) NATURE AND EXTENT OF INDIRECT BENEFICIAL DIRECTOR'S INTEREST IN THE TRANSACTION: NAME OF THE ASSOCIATE: NWN AUTOMOTIVE PRECISION ENGINEERING (PTY) LTD RELATIONSHIP WITH SHAREHOLDER DIRECTOR: CONFIRMATION THAT YES CLEARANCE HAS BEEN GIVEN IN TERMS OF PARAGRAPH 3.66: DATE OF CONFIRMATION: 13 NOVEMBER 2017 By Order of the Board ARGENT INDUSTRIAL LIMITED 25 JANUARY 2018 Sponsor – PSG Capital Proprietary Limited Date: 25/01/2018 09:45:00 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.