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Oryx Int. Growth Fnd (OIGZ)

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Friday 17 January, 2003

Oryx Int. Growth Fnd

Directors Resignation

Oryx International Growth Fund Ld
17 January 2003

                          STOCK EXCHANGE ANNOUNCEMENT


For immediate release                                        17th January 2003


                     Oryx International Growth Fund Limited

                          Re: Resignation of Director

The Directors wish to announce the resignation of Mr. Harald Lungershausen from
the Board of Directors with effect from the 8th January 2003.

Mr. Lungershausen has resigned from the Fund in order to pursue other business
interests.


Enquiries:



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



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