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Argent Industrial Limited - Cautionary announcement                             
Argent Industrial Limited                                                       
(Registration number 1993/002054/06)                                            
Share code: ART     ISIN: ZAE000019188)                                         
(Argent)                                                                        
CAUTIONARY ANNOUNCEMENT                                                         
LPC Manhattan Moela (Pty) Limited is authorised to announce that negotiations   
are currently in progress, which, if successfully concluded, may have a material
effect on the share price of Argent.                                            
Accordingly, shareholders are advised to exercise caution when dealing in their 
shares until a further announcement is made.                                    
Roodepoort                                                                      
23 November2005                                                                 
Sponsor                                                                         
LPC MANHATTAN MOELA                                                             
LPC Manhattan Moela (Pty) Limited                                               
Registration number 2001/009215/07                                              
Date: 22/11/2005 05:52:24 PM Produced by the JSE SENS Department                
                                                                                
                                                                                

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