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Tue 4 May 2004, 8:40 Argent Industrial Limited - Trading Update And Cau
Argent Industrial Limited - Trading Update And Cautionary Announcement          
Argent Industrial Limited                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration number 1993/002054/06)                                            
(Share code: ART  ISIN:  ZAE000019188)                                          
("Argent" or "the Company")                                                     
TRADING UPDATE AND CAUTIONARY ANNOUNCEMENT                                      
In terms of the Listings Requirements of the JSE Securities Exchange South      
Africa ("JSE"), a listed company is required to publish a trading statement as  
soon as it becomes aware that its financial results for the next reporting      
period will be materially different from those of the corresponding period of   
the previous year.                                                              
Accordingly, shareholders are advised that it is anticipated that Argent"s      
results for the year ended 31 March 2004 will be substantially* higher than     
those of the corresponding period of the previous year.                         
As the forecast has not been reviewed or reported on by Argent"s auditors,      
shareholders are advised to exercise caution when dealing in their Argent shares
until the release of the year end results for the year ended 31 March 2004.     
*: "substantially" is defined in the JSE Listings Requirements as a difference  
of more than 30%.                                                               
Roodepoort                                                                      
3 May 2004                                                                      
Sponsor                                                                         
LPC Manhattan                                                                   
LPC Manhattan Sponsors (Pty) Limited
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