Interim Management Statement (6261X)

TIDMOIG

RNS Number : 6261X

Oryx International Growth Fund Ld

17 February 2012

ORYX INTERNATIONAL GROWTH FUND LIMITED

INTERIM MANAGEMENT STATEMENT FOR THE QUARTER ENDED 31 DECEMBER 2011

Oryx International Growth Fund Limited ("Oryx" or the "Company"), is publishing this Interim Management Statement in accordance with DTR 4.3 of the FSA Handbook.

This interim management statement has been produced solely to provide additional information to shareholders as a body to meet the relevant requirements of the UK Listing Authority's Disclosure and Transparency Rules. It should not be relied upon by any other party or for any other purpose.

This interim management statement relates to the period from 1 October 2011 to 31 December 2011, and contains information that covers this period, and up to the date of publication of this interim management statement, unless otherwise specified.

Manager's Review

During the period under review, the FTSE Small Cap TR (GBP) Index returned -1.26% and the FTSE All-Share TR Index (GBP) returned +8.39%. Against this, the Fund's net asset value rose by 3.7% to 279p per share. Whilst market conditions remain difficult, the Manager believes that there is the potential for corporate activity to occur in the Fund's quoted portfolio and there remains scope for capital appreciation in the unquoted portfolio.

Material Transactions

Since 1 October 2011, the Company has purchased for cancellation the following shares:

14 December 2011 a total of 584,392 ordinary shares at a gross price of GBP1.90 per share.

19 December 2011 a total of 5,000 ordinary shares at a gross price of GBP1.90 per share.

28 December 2011 a total of 5,000 ordinary shares at a gross price of GBP2.00 per share.

9 February 2012 a total of 53,000 ordinary shares at a gross price of GBP2.02 per share.

Material Events

There were no material events during the quarter ended 31 December 2011.

Report and Accounts

On 25 November 2011, the Company posted its Interim Report for the six months ended 30 September 2011, to Shareholders.

Financial Highlights

 
                         31 December   30 September   30 June   31 March   31 December 
                                2011           2011      2011       2011          2010 
 
 NAV                         GBP2.79        GBP2.69   GBP2.96    GBP2.72       GBP2.81 
 
 US Dollar / Sterling 
  Exchange Rate               1.5541         1.5579    1.6055     1.6029        1.5657

Twenty Largest Equity Investments at 31 December 2011

 
                                % Net Assets 
 
 Gleeson (M.J.) Group Plc               7.00 
 CVS Group Plc                          6.71 
 Redhall Group Plc                      6.47 
 GTL Resources Plc                      6.20 
 Augean Plc                             5.47 
 Guinness Peat Group Plc                5.39 
 RPC Group Plc                          5.28 
 Orthoproducts Ltd                      5.14 
 Quatro Group Inc                       4.99 
 BBA Aviation Plc                       4.28 
 Idox Plc                               4.28 
 Eckoh Plc                              3.97 
 Assetco Plc                            3.87 
 Catalyst Media Group Plc               3.51 
 Bavaria Industriekapital Ag            3.14 
 Sinclair IS Pharma Plc                 3.05 
 Nastor Inv Ltd Zero Redeem 
  Prefer Shares                         2.71 
 Journey Group Plc                      2.53 
 Bionostics Holdings Ltd                2.49 
 Celsis AG                              2.18 
 
                                       85.33 
                               -------------

The financial information for the quarter ended 31 December 2011 contained within this Interim Management Statement has not been audited.

By order of the Board

BNP Paribas Fund Services (Guernsey) Limited, for and on behalf of

Oryx International Growth Fund Limited

as Company Secretary

This information is provided by RNS

The company news service from the London Stock Exchange

END

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