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ARGENT INDUSTRIAL LIMITED - DEALING IN SECURITIES BY DIRECTORS                  
ARGENT INDUSTRIAL LIMITED                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration number 1993/002054/06)                                            
(Share code: ART  ISIN:  ZAE000019188)                                          
(`Argent` or `the Company`)                                                     
DEALING IN SECURITIES BY DIRECTORS                                              
In terms of paragraph 3.63 - 3.74 of the Listing Requirements of the JSE        
Securities Exchange South Africa, the following information, relating to the    
dealing in securities by directors, is disclosed:                               
Director                      Mark Antonic                                      
Transaction date              18 November 2004                                  
Class of securities           Ordinary shares                                   
Strike price                  911 cents                                         
Number of securities          39941                                             
Total value                   R363862-51                                        
Nature of transaction         Disposal                                          
Extent of interest            Direct beneficial                                 
Clearance to deal obtained    Yes                                               
Maraisburg                                                                      
19 November 2004                                                                
Sponsor                                                                         
LPC Manhattan Sponsors (Pty) Limited                                            
Date: 19/11/2004 12:35:05 PM                
Produced by the JSE SENS Department                                             

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