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Argent Industrial Limited - Directors Dealings in Shares                        
ARGENT INDUSTRIAL LIMITED                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration number 1993/002054/06)                                            
Share code: ART     ISIN:  ZAE000019188                                         
(`Argent` or `the Company`)                                                     
Directors Dealings in Shares                                                    
LPC Manhattan Sponsors (Pty) Limited is authorised to announce the following    
dealing in shares by the Directors of Argent Industrial Limited:                
Director:               S J Cox                                                 
Nature of dealings:     Disposal of shares                                      
Class of securities:    Ordinary shares (benecially held)                       
Number of shares:       50 000                                                  
Price:                  616 cents                                               
Value of transaction:   R308 000                                                
Date of disposal:       27 August 2004                                          
Approval by Chairman:   Yes                                                     
Closed period:          no                                                      
Maraisburg                                                                      
27 August 2004

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