Transaction in Own Shares

Oryx International Growth Fund Ld
06 August 2004

                              COMPANY ANNOUNCEMENT

                     Oryx International Growth Fund Limited

                         Re : Repurchase of Securities

6th August, 2004

The Board of Directors of Oryx International Growth Fund Limited wish to
announce that on 26th July 2004 the Fund repurchased the following:

10,000 Ordinary Shares at a price of 173 pence per share

10,000 Warrants at a price of 72 pence per warrant

5,000 Convertible Unsecured Loan Stock 2005 at a price of 175 pence per share



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

Ordinary Shares:                           7,873,229

Convertible Unsecured Loan Stock 2005:     2,430,521

Warrants:                                    943,950



Enquiries :

Management International (Guernsey) Limited

Tamsin Hooton

Phone [phone]


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