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” or “group”) 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 year ended 31 March 2019 are expected to be between 89.5 and 104.9 cents per share, representing an increase of between 16.6% and 36.6% compared to the headline earnings per share of 76.8 cents reported for the previous corresponding period. Earnings per share for the year ended 31 March 2019 are expected to be between 78.5 and 119.5 cents per share, representing an increase of between 138.3% and 158.3% compared to the loss per share of 205.2 cents 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 audited results for the year ended 31 March 2019 are to be published on SENS on or about 27 June 2019. Umhlanga 14 May 2019 Sponsor PSG Capital Date: 14/05/2019 02:21:00 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.