Trading Statement Argent Industrial Limited (Registration number 1993/002054/06) (Incorporated in the Republic of South Africa) Share Code: ART ISIN: ZAE000019188 (“Argent” or “the Company”) TRADING STATEMENT In terms of paragraph 3.4 (b) of the Listings Requirements of the JSE Limited, companies are required to publish a trading statement as soon as they are satisfied that there is a reasonable degree of certainty that the financial results for the next reporting period will differ by more than 20% from those of the previous corresponding period. Headline earnings per share for the year ended 31 March 2018 are expected to be between 1% and 18% higher at 68.41 and 82.34 cents per share than the 69.6 cents per share reported for the previous corresponding period. Loss per share for the 12 months ended 31 March 2018 is expected to be between 394% and 414% lower at a loss of between 199.81 cents per share and a loss of 213.41 cents per share than the 68 cents earnings per share reported for the previous corresponding period. The loss per share relates to various South African impairments which were fully disclosed in the interim results released on 13 November 2017. The above information has not been reviewed or reported on by the Company’s external auditors. It is anticipated that the audited results for the year ended 31 March 2018 are to be published on SENS on or about 29 June 2018. Umhlanga 11 June 2018 Sponsor PSG Capital Date: 11/06/2018 09:16:00 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.