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Oryx Int. Growth Fnd (OIGZ)

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Tuesday 27 August, 2002

Oryx Int. Growth Fnd

Conversion of Securities

Oryx International Growth Fund Ld
27 August 2002



                              COMPANY ANNOUNCEMENT


                     Oryx International Growth Fund Limited

   (an investment company registered with limited liability in Guernsey with
                            reference number 28917)




27 August, 2002


The Board of Directors of Oryx International Growth Fund Limited wish to
announce that:


 1. With effect from the 14th August 2002 500,000 units of Convertible Unsecured
    Loan Stock 2005 were converted into 500,000 Ordinary Shares and 4,500
    warrants were exercised resulting in the issue of 4,500 shares at the
    exercise price of £1 per share. Application is being made to admit these
    shares to the official list of the London Stock Exchange.


    The Resulting total number of Shares, Loan stock and Warrants remaining in
    issue is


    Ordinary Shares - 9,098,229

    Convertible Unsecured Loan Stock 2005 - 2,650,521

    Warrants - 1,036,325

2) During a recent Board Meeting it was resolved to ratify the replacement of
Consulta (Channel Islands) Limited with JO Hambro as Investment Manager. JO
Hambro have been investment advisers to the Company since launch and the Board
felt that it was in the shareholders' interests to appoint them directly as
Investment Manager.










Enquiries :


Management International (Guernsey) Limited     Julian Carey
                                             
Phone (+44 1481) 707122




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