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Tue 2 Dec 2003, 14:29 CAUTIONARY ANNOUNCEMENT AND APPOINTMENT OF NON-
ARGENT INDUSTRIAL LIMITED - CAUTIONARY ANNOUNCEMENT AND APPOINTMENT OF NON-     
EXECUTIVE DIRECTOR                                                              
ARGENT INDUSTRIAL LIMITED                                                       
(Registration number 1993/002054/06)                                            
Share code: ART   ISIN: ZAE000019188)                                           
("Argent" or "the Group")                                                       
CAUTIONARY ANNOUNCEMENT AND APPOINTMENT OF NON-EXECUTIVE DIRECTOR               
LPC Manhattan Sponsors (Pty) Limited are authorised to announce that            
negotiations are currently in progress with a Black Economic Empowerment Company
for and on behalf of two of the Group subsidiary companies, 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.                                    
Additionally, in compliance with the JSE Securities Exchange Listings           
Requirements, LPC Manhattan are authorised to announce the appointment of Mr    
Fred Litschka to the Board of Argent Industrial Limited. Mr. Litschka brings to 
the Company 12 years of experience in general management and engineering.       
Roodepoort                                                                      
2 December 2003                                                                 
Sponsor                                                                         
LPC MANHATTAN                                                                   
Date: 02/12/2003 02:24:40 PM Supplied by www.sharenet.co.za                     
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