Argan, Inc.’s Wholly Owned Subsidiary Gemma Power Systems Finalizes EPC Contract for a 475 MW Power Project in North Carolina

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ROCKVILLE, Md. –(BUSINESS WIRE)– Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) announced today that its wholly owned subsidiary, Gemma Power Systems (GPS), has entered into an Engineering, Procurement and Construction (EPC) services contract with NTE Carolinas II, LLC, an affiliate of NTE Energy, to construct a 475 MW state-of-the-art natural gas-fired power plant in Rockingham County, North Carolina.

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ARGAN, INC. ANNOUNCES 2016 CASH DIVIDEND OF $1.00 PER SHARE

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ROCKVILLE, Md.–(BUSINESS WIRE)– Argan, Inc. (NYSE: AGX) (the “Company”) today announced that its Board of Directors declared a regular cash dividend in the amount of $0.70 per share of common stock and a special cash dividend in the amount of $0.30 per share of common stock, for a total cash dividend of $1.00 per share of common stock.

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