Offer Update

Oryx International Growth Fund Ld
13 September 2006


                Oryx International Growth Fund Limited ('Oryx')

                                 Re: 'C' Shares


Oryx is pleased to announce that it has now received acceptances in respect of
its offer for Baltimore Capital PLC ('Baltimore') for over 86 per cent of the
shares to which the offer relates. The offer remains open until further notice
and Oryx continues to seek sufficient further acceptances to enable it to
exercise the right under section 429 of the Companies Act 1985 to compulsorily
acquire the remaining shares and acquire 100% ownership of Baltimore.

Oryx also announces that Baltimore has placed its holding of 8,518,000 shares in
CSS Stellar PLC at a price of 31.5p per share.  This compares with the price of
27p per share included in the Formula Asset Value calculation agreed at the time
the offer for Baltimore was declared unconditional in all respects. In addition,
Baltimore has agreed to assign the lease of its Head Office in London to a third
party at a cost of £55,000, which represents an improvement of £195,000 when
compared with the £250,000 provision made in the Formula Asset Value
calculation.  In view of the progress made in liquifying the assets of
Baltimore, the proposals for Mr Soukup to be engaged as a consultant, as
envisaged by Oryx when it made its offer for Baltimore, have been abandoned by
mutual agreement.

Further, Baltimore has agreed terms of settlement with Duncan Soukup in relation
to the litigation which it had initiated against him, having concluded that the
earlier allegations relating to Mr Soukup's management were without merit.


13 September 2006


                      This information is provided by RNS
            The company news service from the London Stock Exchange