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Oryx Int. Growth Fnd (OIGZ)

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Thursday 09 March, 2000

Oryx Int. Growth Fnd

Purchase of Own Securities

Oryx International Growth Fund Ld
9 March 2000

                          REPURCHASE OF SECURITIES

The Board of Directors of Oryx International Growth Fund limited wish to
announce that on 7 March, 2000 the Fund repurchased the following:

  64,000 Ordinary Shares at a price of 135 pence per share
  64,000 Convertible Unsecured Loan Stock 2005 at a price of 135 pence per      
        share

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

Ordinary Shares:                             8,687,750
Convertible Unsecured Loan Stock 2005:       3,667,500
Warrants:                                    2,219,525


Enquiries:

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