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Oryx Int. Growth Fnd (OIGZ)

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Tuesday 17 October, 2000

Oryx Int. Growth Fnd

Director Shareholding

Oryx International Growth Fund Ld
17 October 2000

Re: Sale of Shares

The Board of Directors of Oryx International Growth Fund Limited wish to
announce that Mr Salim Hassan Macki, a director of the Company, has sold his
entire holding of 600,000 shares and 90,000 warrants with effect from 26
September 2000.

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