Interim Management Statement

Oryx International Growth Fund Ld
17 August 2007


ORYX INTERNATIONAL GROWTH FUND LIMITED

INTERIM MANAGEMENT STATEMENT FOR THE QUARTER ENDED 30 JUNE 2007

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

Material Transactions
Oryx is pleased to report that the Fund has made further progress during the
three month period to the end of June 2007, assisted by the reverse acquisition
of DM Technical Services Limited by Castle Acquisitions Plc (now renamed Castle
Support Services plc).

There were no other material transactions during the quarter ended 30 June 2007.

Material Events
There were no material events to report during the period under review.

General
Current market conditions are extremely volatile but the Fund has no exposure to
financials and less than 2% of assets in property.

The Board is actively pursuing the conversion of the C shares of 50 pence each
in the capital of the Company, issued to Baltimore shareholders as consideration
for their Baltimore shares, into ordinary shares of 50 pence each in the capital
of the Company, and it is anticipated that this will be completed in the short
term and in any event by 31 December 2007.

A number of interesting opportunities are presenting themselves and the Board
remain optimistic for the future.


Financial Highlights

                                             As at 30 June      As at 31 March
                                                      2007                2007

NAV - Ordinary shares                                £3.45               £3.30
NAV - C shares                                      £1.21*               £1.15

Mid-market price - Ordinary shares                 317.50p             302.50p 
Mid-market price - C shares                           109p                109p

FTSE All-Share Index                              3,404.14            3,283.21

Standard & Poor's 500
Composite Index**                                    766.6               709.8

Russell 2000**                                       414.9                 408

US Dollars / Sterling Exchange
Rate                                                 2.009              1.9625
* Investment Manager's estimate.
** Sterling adjusted.



Twenty Largest Investments at 30 June 2007

Equities - UK/Europe - Listed                            %
Inspired Gaming Group Plc                             5.26
BBA Aviation Plc                                      4.86
Telecom Plus Plc                                      4.27
Cardpoint Plc                                         4.16
Georgica Plc                                          4.13
AssetCo Plc                                           4.03
Castle Support Services plc                           3.74
Gleeson (M J) Group Plc                               3.59
RPC Group Plc                                         3.50
Electronic Data Process Plc                           3.41
Mid-States Plc                                        2.81
Quarto Group Plc                                      2.69
Nationwide Accident Repair                            2.59
Communisis Plc                                        2.36
Augean Plc                                            2.35
Aero Inventory                                        2.12
Catalyst Media Group Plc                              1.91
Whatman Plc                                           1.89
Tinopolis Plc                                         1.52
Parity Group                                          1.43
                                                  --------

% of total portfolio                                 62.62
                                                  --------



The financial information for the quarter ended 30 June 2007 contained within
this Interim Management Statement has not been audited.

By order of the Board

Sara Radford, for and on behalf of
Oryx International Growth Fund Limited
as Company Secretary

17 August 2007



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