Dealings in Shares by a Director and Associate of a Director ARGENT INDUSTRIAL LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1993/002054/06) Share code: ART ISIN: ZAE000019188 (“Argent” or “the Company”) DEALINGS IN SHARES BY A DIRECTOR AND ASSOCIATE OF A DIRECTOR In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information regarding the dealing in securities is disclosed: NAME OF DIRECTOR S J Cox COMPANY OF WHICH A DIRECTOR Argent STATUS: EXECUTIVE/NON-EXECUTIVE Executive director TYPE AND CLASS OF SECURITIES Ordinary shares NATURE OF TRANSACTION Sale of shares by a director (on-market transaction) DATE OF TRANSACTION (1) 1 December 2020 (2) 1 December 2020 (3) 2 December 2020 (4) 2 December 2020 (5) 2 December 2020 (6) 2 December 2020 PRICE PER SECURITY (1) R6.42 (2) R6.45 (3) R6.40 (4) R6.45 (5) R6.48 (6) R6.49 NUMBER OF SECURITIES TRANSACTED (1) 5 000 (2) 5 000 (3) 35 000 (4) 35 000 (5) 270 000 (6) 4 000 TOTAL RAND VALUE OF SECURITIES (1) R32 100.00 TRANSACTED (2) R32 250.00 (3) R224 000.00 (4) R225 750.00 (5) R1 749 600.00 (6) R25 960.00 NATURE AND EXTENT OF INTEREST IN Direct, beneficial THE TRANSACTION NAME OF DIRECTOR T R Hendry COMPANY OF WHICH A DIRECTOR Argent STATUS: EXECUTIVE/NON-EXECUTIVE Executive director TYPE AND CLASS OF SECURITIES Ordinary shares NATURE OF TRANSACTION Sale of shares by an associate of a director (on-market transaction DATE OF TRANSACTION 1 December 2020 PRICE PER SECURITY (1) R6.48 (2) R6.50 NUMBER OF SECURITIES TRANSACTED (1) 141 198 (2) 58 774 TOTAL RAND VALUE OF SECURITIES (1) R914 963.04 TRANSACTED (2) R382 031.00 NATURE AND EXTENT OF INTEREST IN Indirect, beneficial THE TRANSACTION NAME OF ASSOCIATE Chop Trust RELATIONSHIP WITH DIRECTOR Trustee Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings Requirements. Umhlanga 3 December 2020 Sponsor PSG Capital Date: 03-12-2020 08:22:00 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.