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ARGENT - WITHDRAWAL OF CAUTIONARY                                               
ARGENT INDUSTRIAL LIMITED                                                       
(Registration number 1993/002054/06)                                            
Share code: ART     ISIN: ZAE000019188                                          
(`Argent` or `the Company`)                                                     
WITHDRAWAL OF CAUTIONARY                                                        
Shareholders are referred to the cautionary announcement published in the press 
on Friday, 7 December 2004, and are advised that the negotiations referred to   
therein have ceased to have a material effect on the share price of the company.
Accordingly, shareholders are advised that caution is no longer required when   
dealing in their Argent shares, and the cautionary is hereby withdrawn.         
Roodepoort                                                                      
5 January 2005                                                                  
Sponsor                                                                         
LPC MANHATTAN                                                                   
LPC Manhattan Sponsors (Pty) Limited                                            
Registration number 1999/012479/07

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