Dealing in Securities by Directors ARGENT INDUSTRIAL LIMITED (Registration number 1993/002054/06) (Incorporated in the Republic of South Africa) Share Code: ART ISIN: ZAE000019188 DEALING IN SECURITIES BY DIRECTORS In compliance with rules 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information is disclosed: NAME OF DIRECTOR: S J COX STATUS: EXECUTIVE DIRECTOR COMPANY: ARGENT INDUSTRIAL LIMITED TYPE OF SECURITIES: ORDINARY SHARES DATE OF TRANSACTION: 7 DECEMBER 2017 CENTS PER SHARE: 400 NUMBER OF SECURITIES 35 000 TRANSACTED: TOTAL RAND VALUE OF R 140 000.00 SECURITIES: NATURE OF TRANSACTION: PURCHASE (ON-MARKET TRANSACTION) NATURE AND EXTENT OF DIRECT BENEFICIAL DIRECTOR'S INTEREST IN THE TRANSACTION: CONFIRMATION THAT YES CLEARANCE HAS BEEN GIVEN IN TERMS OF PARAGRAPH 3.66: DATE OF CONFIRMATION: 13 NOVEMBER 2017 NAME OF DIRECTOR: T R HENDRY STATUS: EXECUTIVE DIRECTOR COMPANY: ARGENT INDUSTRIAL LIMITED TYPE OF SECURITIES: ORDINARY SHARES DATE OF TRANSACTION: 7 DECEMBER 2017 CENTS PER SHARE: 400 NUMBER OF SECURITIES 30 000 TRANSACTED: TOTAL RAND VALUE OF R 120 000.00 SECURITIES: NATURE OF TRANSACTION: PURCHASE (ON-MARKET TRANSACTION) NATURE AND EXTENT OF DIRECT BENEFICIAL DIRECTOR'S INTEREST IN THE TRANSACTION: CONFIRMATION THAT YES CLEARANCE HAS BEEN GIVEN IN TERMS OF PARAGRAPH 3.66: DATE OF CONFIRMATION: 13 NOVEMBER 2017 By Order of the Board ARGENT INDUSTRIAL LIMITED 8 DECEMBER 2017 Sponsor – PSG Capital Proprietary Limited Date: 08/12/2017 09:55:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.