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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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