Dealings in Shares by an Associate of a Director ARGENT INDUSTRIAL LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1993/002054/06) Share code: ART ISIN: ZAE000019188 (“Argent” or “the Company”) DEALINGS IN SHARES BY AN ASSOCIATE OF A DIRECTOR In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information regarding the dealing in securities is disclosed: NAME OF DIRECTOR T Scharrighuisen COMPANY OF WHICH A DIRECTOR Argent STATUS: EXECUTIVE/NON-EXECUTIVE Non-executive director TYPE AND CLASS OF SECURITIES Ordinary shares NATURE OF TRANSACTION Sale of shares by a director (on-market transaction NAME OF ASSOCIATE Giflo Trading Proprietary Limited RELATIONSHIP WITH DIRECTOR Shareholder DATE OF TRANSACTION (1) 31 January 2020 (2) 3 February 2020 (3) 4 February 2020 (4) 5 February 2020 PRICE PER SECURITY (1) R5.99 (2) R5.92 (3) R5.94 (4) R6.00 NUMBER OF SECURITIES TRANSACTED (1) 195 (2) 1 212 525 (3) 358 609 (4) 1 891 TOTAL RAND VALUE OF SECURITIES (1) R1 168.05 TRANSACTED (2) R7 178 148.00 (3) R2 130 137.46 (4) R11 346.00 NATURE AND EXTENT OF INTEREST IN Indirect, beneficial THE TRANSACTION Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings Requirements. Umhlanga 7 February 2020 Sponsor PSG Capital Date: 07-02-2020 11:45:00 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.