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” or “the Group”) RESULTS OF THE ANNUAL GENERAL MEETING Shareholders are hereby advised that at the annual general meeting of the Company held at 10h00 today, Wednesday, 28 November 2018 at the Company’s boardroom at First Floor, Ridge 63, 8 Sinembe Crescent, La Lucia Ridge Office Estate, Umhlanga, (“AGM”), all of the resolutions were passed by the requisite majorities of the Company’s shareholders. Details of the results of the voting at the AGM are as follows: Votes Votes for against resolution resolution as a as a Number of Number of percentage percentage shares shares of total of total voted at abstained number of number of Number of AGM as a as a Resolutions shares shares shares percentage percentage proposed at the voted at voted at voted at of shares in of shares in AGM AGM AGM AGM issue issue Ordinary resolution number 1: Re- election of Mr PA Christofides as an independent non- executive director 99.78% 0.22% 41 136 903 46.61% 0.02% Ordinary resolution number 2: Re- election of Mr CD Angus as an independent non- executive director 99.78% 0.22% 41 136 903 46.61% 0.02% Ordinary resolution number 3: Appointment of Mr PA Christofides as a member of the audit and risk committee of the company 99.78% 0.22% 41 136 903 46.61% 0.02% Ordinary resolution number 4: Appointment of Mr CD Angus as a member of the audit and risk committee of the 99.78% 0.22% 41 136 903 46.61% 0.02% company Ordinary resolution number 5: Re- appointment of auditor 99.996% 0.004% 41 136 903 46.61% 0.02% Ordinary resolution number 6: Unissued shares placed under control of the directors 99.85% 0.15% 41 136 903 46.61% 0.02% Ordinary resolution number 7: Non- binding endorsement of Argent’s remuneration policy 99.78% 0.22% 41 154 903 46.63% 0.003% Ordinary resolution number 8: Non- binding advisory vote on Argent’s implementation report on the remuneration policy 99.78% 0.22% 41 154 903 46.63% 0.003% Special resolution number 1: Remuneration of non-executive directors 99.73% 0.27% 41 154 903 46.63% 0.003% Special resolution number 2: Inter- company loans 99.81% 0.19% 41 124 489 46.59% 0.04% Special resolution number 3: Share repurchases by the company and its subsidiaries 99.95% 0.05% 41 154 903 46.63% 0.003% Note: Total number of shares in issue as at the date of the AGM was 87 194 140. Umhlanga 28 November 2018 Sponsor PSG Capital Date: 28/11/2018 01:52:00 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.