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Argent - Cautionary Announcement                                                
ARGENT INDUSTRIAL LIMITED                                                       
(Registration number 1993/002054/06)                                            
Share code: ART     ISIN: ZAE000019188)                                         
("Argent")                                                                      
CAUTIONARY ANNOUNCEMENT                                                         
LPC Manhattan Sponsors (Pty) Limited are authorised to announce that            
negotiations are currently in progress, which, if successfully concluded, may   
have a material effect on the share price of Argent.                            
Accordingly, shareholders are advised to exercise caution when dealing in their 
shares until a further announcement is made.                                    
Germiston                                                                       
29 July 2002                                                                    
Sponsor                                                                         
LPC Manhattan Sponsors (Pty) Ltd                                                
Registration Number 1999/024792/07                                              
Date: 29/07/2002 05:15:00 PM Produced by the JSE SENS Department

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