Interim Management Statement

RNS Number : 5242B

Oryx International Growth Fund Ld

18 August 2008

ORYX INTERNATIONAL GROWTH FUND LIMITED

INTERIM MANAGEMENT STATEMENT FOR THE QUARTER ENDED 30 JUNE 2008

Oryx International Growth Fund Limited ('Oryx' or the 'Company'), is publishing this Interim Management Statement in accordance with DTR 4.3 of the FSA Handbook.

This interim management statement has been produced solely to provide additional information to shareholders as a body to meet the relevant requirements of the UK Listing Authority's Disclosure and Transparency Rules. It should not be relied upon by any other party or for any other purpose.

This interim management statement relates to the period from 1 April 2008 to 30 June 2008, and contains information that covers this period, and up to the date of publication of this interim management statement, unless otherwise specified.

Material Transactions

During the quarter ended 30 June 2008, the Company successfully completed the sale of its entire holding in Motherwell Bridge for a profit of approximately £1.9 million. The original cost of the investment was £266,000.

Material Events

There were no material events during the quarter ended 30 June 2008.

Since the 30 June 2008, the Company issued a circular to shareholders on 29 July 2008, along with the annual report and accounts, containing Notice of Oryx's Annual General Meeting and details in relation to the proposed capital reorganisation and Rule 9 waiver. A copy of the circular is available from Oryx's website www.oryxinternationalgrowthfund.co.uk.

Report and Accounts

On 29 July 2008, the Company posted its Annual Report & Audited Financial Statements to 31 March 2008, to Shareholders.

Financial Highlights

	30 June 2008	31 March 2008	31 December 2007	30 September 2007

NAV	£2.45	£2.55	£2.84	£3.19

Mid-market price	231.75p	239.00p	303.00p	310.00p

FTSE All-Share Index	2855.69	2927.05	3,286.67	3,316.89

Standard & Poor's 500
Composite Index**	643.2	665.5	737.6	749.4

Russell 2000**	346.5	346.1	384.8	395.3

US Dollar / Sterling Exchange Rate	1.9902	1.9875	1.9906	2.03737

** Sterling adjusted

Twenty Largest Equity Investments at 30 June 2008

	%
Telecom plus plc	5.40
RPC Group Plc	4.37
AssetCo plc	4.07
Castle Support Services plc	4.06
Electronic Data Process PLC	4.00
Quarto Group Inc	3.99
Bavaria Industriekapital AG	3.98
Tinopolis Plc	3.92
BBA Aviation plc	3.75
Communisis plc	3.73
Gleeson (MJ) Group plc	3.71
Georgica PLC	3.35
Fayrewood Plc	3.12
Mid States Plc	2.91
Avanti Communications Plc	2.88
Augean Plc	2.80
Sirvis IT Plc	2.57
Parity Group Plc	2.41
Orthoplastics Ltd	2.28
Nationwide Accident Repair Services Plc	2.27


% of total portfolio	69.57