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Wed 6 Dec 2006, 13:09 Argent Industrial Limited - Exercise of share opti
ART
 ART                                                                             
Argent Industrial Limited - Exercise of share options 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")                                                     
EXERCISE OF SHARE OPTIONS BY DIRECTORS                                          
Vunani Corporate Finance (Pty) Limited is authorised to announce that as at 6   
December 2006, the following directors exercised share options in the Company : 
               M Allen     M Antonic  SJ Cox     Chop       Totals              
                                                 Trust -                        
TR Hendry                      
  Allot at                 5 350                            5 350               
  R0.90                                                                         
  Allot at                 5 000                            5 000               
R1.91                                                                         
  Allot at     5 000       4 706                            9 706               
  R2.51                                                                         
  Allot at     15 000      40 000                           55 000              
R3.44                                                                         
  Allot at     3 000       8 000                            11 000              
  R4.00                                                                         
  Allot at     8 250       8 250                            16 500              
R5.40                                                                         
  Allot at     4 222       4 222                            8 444               
  R4.53                                                                         
  Allot at     30 000      30 000     37 472     52 472     149 944             
R10.65                                                                        
  Allot at     10 000      10 000     35 000     50 000     105 000             
  R15.50                                                                        
  Total shares 75 472      115 528    72 472     102 472    365 944             
alloted                                                                       
  Total Rand   614         733        941        1 333      3 623               
  value        325.66      952.72     576.80     826.80     682.00              
               P Day    P        AF         T Scharrighuisen   Totals           
Lawson   Litschka                                       
  Allot at              1 450                                  1 450            
  R0.90                                                                         
  Allot at              2 200                                  2 200            
R1.91                                                                         
  Allot at              4 706                                  4 706            
  R2.51                                                                         
  Allot at              40 000              30 000             70 000           
R3.44                                                                         
  Allot at              8 000                                  8 000            
  R4.00                                                                         
  Allot at                                  8 250              8 250            
R5.40                                                                         
  Allot at                                  4 222              4 222            
  R4.53                                                                         
  Allot at     2 000    20 000              12 000             34 000           
R10.65                                                                        
  Allot at                       10 000     50 000             105 000          
  R15.50                                                                        
  Total shares 2 000    76 356   10 000     104 472            365 944          
allotted                                                                      
  Total Rand   21       399      155        1 069 675.66       1 645            
  value        300.00   919.06   000.00                        894.72           
                         D Smith   G Youngman                                   
Allot at R0.90         17 886    2 520                                        
  Allot at R1.91         2 796     2 200                                        
  Allot at R2.51         4 706                                                  
  Allot at R3.44         40 000    40 000                                       
Allot at R4.00                   3 000                                        
  Allot at R5.40         8 250     8 250                                        
  Allot at R4.53         4 222                                                  
  Allot at R10.65        30 000    12 000                                       
Allot at R15.50        10 000    5 000                                        
  Total shares allotted  117 860   72 970                                       
  Total Rand value       709       405 920.00                                   
                         025.48                                                 
SUMMARY                Allotted  Rand Value                                   
  Allot at R0.90         21 856    19 670.40                                    
  Allot at R1.91         7 196     13 744.36                                    
  Allot at R2.51         9 412     23 624.12                                    
Allot at R3.44         150 000   516 000.00                                   
  Allot at R4.00         11 000    44 000.00                                    
  Allot at R5.40         24 750    133 650.00                                   
  Allot at R4.53         8 444     38 251.32                                    
Allot at R10.65        167 944   1 788 603.60                                 
  Allot at R15.50        160 000   2 480 000.00                                 
  Total shares allotted  560 602   5 057 543.80                                 
All options were exercised on ordinary shares, and clearance was obtained prior 
to the exercising of the options.  The shares are directly and beneficially     
held.                                                                           
Maraisburg                                                                      
6 December 2006                                                                 
Sponsor                                                                         
Vunani Corporate Finance (Pty) Limited                                          
Date: 06/12/2006 01:09:08 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
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