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Oryx Int. Growth Fnd (OIGZ)

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Monday 04 August, 2003

Oryx Int. Growth Fnd

Purchase of Own Securities

Oryx International Growth Fund Ld
04 August 2003

                              COMPANY ANNOUNCEMENT

                     Oryx International Growth Fund Limited

                          Re : Repurchase of Warrants


4th August, 2003

The Board of Directors of Oryx International Growth Fund limited wish to
announce that on 29 July, 2003 the Fund repurchased the following:

52,375 Warrants at a price of 25 pence per Warrant

and on the 30 July, 2003 the Fund repurchased:

150,000 Warrants at a price of 25 pence per Warrant

Following the cancellation of these securities the following securities remain
outstanding:

Ordinary Shares:  8,098,229

Warrants: 803,950

Convertible Unsecured Loan Stock 2005: 2,550,521


Enquiries :

Management International (Guernsey) Limited     Tamsin Hooton

Phone (+44 1481) 707088


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