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 OPTIONS BY DIRECTORS IN TERMS OF THE COMPANY SHARE
INCENTIVE SCHEME


In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information regarding the exercise of options is disclosed:

 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                           Acquisition of ordinary shares through the
                                                 exercise of options in terms of the
                                                 Company Share Incentive Scheme (off-
                                                 market transaction)

 VESTING DATE OF OPTIONS EXERCISED               2 August 2023

 DATE OF EXERCISE OF OPTIONS                     2 August 2023

 OPTION STRIKE PRICE                             R4.62

 NUMBER OF OPTIONS EXERCISED                     141 205

 TOTAL RAND VALUE OF OPTIONS                     R652 367.10
 EXERCISED

 PERIOD OF EXERCISE                              Participants have a 3 day period from the
                                                 vesting date during which options can be
                                                 exercised.

 NATURE AND EXTENT OF INTEREST IN Direct, beneficial
 THE TRANSACTION



 NAME OF DIRECTOR                                A F Litschka

 COMPANY OF WHICH A DIRECTOR                     Argent

 STATUS: EXECUTIVE/NON-EXECUTIVE                 Executive director

 TYPE AND CLASS OF SECURITIES                    Ordinary shares
NATURE OF TRANSACTION                Acquisition of ordinary shares through the
                                     exercise of options in terms of the
                                     Company Share Incentive Scheme (off-
                                     market transaction)

VESTING DATE OF OPTIONS EXERCISED    2 August 2023

DATE OF EXERCISE OF OPTIONS          2 August 2023

OPTION STRIKE PRICE                  R4.62

NUMBER OF OPTIONS EXERCISED          141 198

TOTAL RAND VALUE OF OPTIONS          R652 334.76
EXERCISED

PERIOD OF EXERCISE                   Participants have a 3 day period from the
                                     vesting date during which options can be
                                     exercised.

NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION


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                Acquisition of ordinary shares through the
                                     exercise of options in terms of the
                                     Company Share Incentive Scheme (off-
                                     market transaction)

VESTING DATE OF OPTIONS EXERCISED    2 August 2023

DATE OF EXERCISE OF OPTIONS          2 August 2023

OPTION STRIKE PRICE                  R4.62

NUMBER OF OPTIONS EXERCISED          141 198

TOTAL RAND VALUE OF OPTIONS          R652 334.76
EXERCISED

PERIOD OF EXERCISE                   Participants have a 3 day period from the
                                     vesting date during which options can be
                                     exercised.

NATURE AND EXTENT OF INTEREST IN     Direct, beneficial
THE TRANSACTION
Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings
Requirements.

Durban
4 August 2023

Sponsor
PSG Capital