ARGENT INDUSTRIAL LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1993/002054/06) Share code: ART ISIN: ZAE000019188 (“Argent” or “the Company”) DEALING IN SHARES BY AN ASSOCIATE OF DIRECTORS In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, details of the dealing in securities by NWN Automotive Precision Engineering Pty Ltd (“Associate”), which is an associate of two directors of Argent, namely TR Hendry and AF Litschka (collectively, “the Directors”), are disclosed in the table below. The Directors, together with Sue Cox, a retired ex-director of the Company, are shareholders of the Associate. The Associate disposed of a number of Argent shares in an on market transaction, for the sole purpose of reducing Sue’s indirect shareholding in Argent. NAME OF DIRECTORS T R Hendry and A F Litschka COMPANY OF WHICH DIRECTORS Argent STATUS: EXECUTIVE/NON-EXECUTIVE Executive directors TYPE AND CLASS OF SECURITIES Ordinary shares NATURE OF TRANSACTION Sale of shares by an associate of the Directors (on-market transaction) DATE OF TRANSACTION 24 January 2024 PRICE PER SECURITY R15.70 NUMBER OF SECURITIES TRANSACTED 72 710 TOTAL RAND VALUE OF SECURITIES R1 141 547 TRANSACTED NATURE AND EXTENT OF INTEREST IN THE Indirect, beneficial TRANSACTION NAME OF ASSOCIATE NWN Automotive Precision Engineering Pty Ltd RELATIONSHIP WITH DIRECTORS The Directors are both shareholders of the Associate Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings Requirements. Durban 29 January 2024 Sponsor PSG Capital