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ARGAN, INC. REPORTS FIRST QUARTER RESULTS

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ROCKVILLE, Md.–(BUSINESS WIRE)– Argan, Inc. (NYSE: AGX) (the Company) today announced financial results for its first quarter ended April 30, 2016. Please read the Company’s Quarterly Report on Form 10-Q, which the Company expects to file tomorrow with the U.S. Securities and Exchange Commission (the SEC), which can be retrieved from the SEC’s website at www.sec.gov.

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Argan, Inc.’s Wholly Owned Subsidiary Gemma Power Systems Receives Full Notice to Proceed on Natural Gas-Fired Combined Cycle Power Plant

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ROCKVILLE, Md.–(BUSINESS WIRE)– Argan, Inc. (NYSE: AGX) announced today that on March 11, 2016, its wholly owned subsidiary, Gemma Power Systems (GPS), received from NTE Carolinas LLC, an affiliate of NTE Energy (“NTE”), a full notice to proceed with engineering, procurement and construction activities for a 475 MW natural gas-fired combined cycle power plant to be located in Kings Mountain, North Carolina.

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Argan, Inc.’s Wholly Owned Subsidiary Gemma Power Systems Receives Notice to Proceed on CPV’s Towantic Energy Center

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ROCKVILLE, Md.–(BUSINESS WIRE)– Argan, Inc. (NYSE: AGX) today announced that its wholly owned subsidiary, Gemma Power Systems (GPS), has received Notice to Proceed to commence activities under an Engineering, Procurement and Construction Agreement with Competitive Power Venture’s Towantic Energy Center project (“CPV Towantic”) to construct a 785 MW state-of-the-art dual-fuel combined-cycle electric generating facility in Oxford, Connecticut.

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Argan, Inc.’s Wholly Owned Subsidiary Gemma Power Systems Receives Full Notice to Proceed on Natural Gas-Fired Combined Cycle Power Plant

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ROCKVILLE, Md.–(BUSINESS WIRE)– Argan, Inc. (NYSE: AGX) announced that its wholly owned subsidiary, Gemma Power Systems (GPS), has received from NTE Ohio, LLC, an affiliate of NTE Energy, a full notice to proceed with engineering, procurement and construction activities for the Middletown Energy Center located in Butler County, Ohio.

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ARGAN, Inc.’s WHOLLY OWNED SUBSIDIARY GEMMA POWER SYSTEMS ENTERS INTO EPC AGREEMENTS WITH NTE ENERGY

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ROCKVILLE, Md.–(BUSINESS WIRE)– Argan, Inc. (NYSE: AGX) today announced that its wholly owned subsidiary, Gemma Power Systems, LLC (GPS), has entered into two separate Engineering, Procurement and Construction Services contracts with NTE Ohio, LLC and NTE Carolinas, LLC, each affiliates of NTE Energy, and has received interim notices to proceed to commence early activities for the engineering, procurement and construction of two 475 MW state-of-the-art, combined cycle natural gas-fired power plants.

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ARGAN, Inc’s WHOLLY OWNED SUBSIDIARY GEMMA POWER SYSTEMS RECEIVES LIMITED NOTICE TO PROCEED FOR COMBINED CYCLE POWER PROJECT FROM MOXIE FREEDOM LLC

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ROCKVILLE, Md.–(BUSINESS WIRE)– Argan, Inc. (NYSE: AGX) today announced that its wholly owned subsidiary, Gemma Power Systems (GPS) has entered into an EPC Agreement with Moxie Freedom LLC and received a limited notice to proceed to commence early activities for the engineering, procurement and construction of a 1,000 MW combined cycle power plant to be located in Luzerne County, Pennsylvania.

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ARGAN, INC. ANNOUNCES SPECIAL CASH DIVIDEND

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ROCKVILLE, Md.–(BUSINESS WIRE)– Argan, Inc. (NYSE MKT: AGX) today announced that its Board of Directors declared a special cash dividend of $0.75 per share of common stock, payable November 7, 2013 to shareholders of record at the close of business on October 15, 2013.

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ARGAN, INC. ANNOUNCES SPECIAL CASH DIVIDEND

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ROCKVILLE, Md.–(BUSINESS WIRE)– Argan, Inc. (NYSE MKT: AGX) today announced that its Board of Directors declared a special cash dividend of $0.60 per share of common stock, payable November 7, 2012 to shareholders of record at the close of business on October 11, 2012.

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ARGAN, INC. REPORTS GEMMA POWER SYSTEMS (GPS) HAS RECEIVED FULL NOTICE TO PROCEED FOR A CONTRACT TO DESIGN AND BUILD A 49.9 MW, BIOMASS-FIRED POWER PLANT NEAR WOODVILLE, TEXAS

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ROCKVILLE, Md.–(BUSINESS WIRE)– Argan, Inc. (NYSE MKT: AGX) announced that its wholly owned subsidiary, Gemma Power Systems (GPS), has received full notice to proceed from East Texas Electric Cooperative (ETEC) for a contract to design and build a 49.9 MW, biomass-fired power plant near Woodville, Texas.

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GEMMA RENEWABLE POWER LLC SIGNS AN EPC CONTRACT FOR $16.6 MILLION SOLAR ENERGY PROJECT

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ROCKVILLE, Md.–(BUSINESS WIRE)– Argan, Inc. (NYSE AMEX: AGX) announced that its wholly owned subsidiary Gemma Power Systems, through its wholly-owned subsidiary Gemma Renewable Power LLC, has signed an approximately $16.6 million EPC contract with Southern Sky Renewable Energy Canton LLC to design and build a 5.7MW (DC) solar energy facility consisting of approximately 19,800 photovoltaic panels located on a closed capped landfill in Canton, Massachusetts.

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Argan, Inc.’s Wholly Owned Subsidiary Gemma Power Systems California. Inc. Receives Full Notice to Proceed on the $250 Million Engineering, Procurement and Construction Contract for the CPV Sentinel Peaking Power Project in Riverside County, California

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ROCKVILLE, MD – Argan, Inc. (NYSE AMEX: AGX) today announced that its wholly owned subsidiary, Gemma Power Systems California, Inc. (GPS), has received a full notice to proceed from CPV Sentinel for an approximately $250 million contract to design, build and perform other services in connection with the 800 MW, eight GE LMS100 unit simple cycle peaking power plant near Desert Hot Springs, California.

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