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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                      M P Allen                                         
Transaction date              12 January 2005                                   
Class of securities           Ordinary shares                                   
Strike price                  1045 cents                                        
Number of securities          13000                                             
Total value                   R135850                                           
Nature of transaction         Disposal                                          
Extent of interest            Direct beneficial                                 
Clearance to deal obtained    Yes                                               
Maraisburg                                                                      
12 January 2005                                                                 
Sponsor                                                                         
LPC Manhattan Sponsors (Pty) Limited

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