Oryx International Growth Regulatory News (OIG)

12 Apr 2005 15:55

Oryx International Growth Fund Ld12 April 2005 Stock Exchange Announcement For immediate release 12 April 2005 ORYX INTERNATIONAL GROWTH FUND LIMITED (the "Fund") Re: Change of Custodian The Board of Directors of the Fund (the "Board") wish to announce that witheffect from 11th April 2005 HSBC Custody Services (Guernsey) Limited ("HCSGL" orthe "Custodian") has been appointed as the new Custodian of the Fund replacingBank of Bermuda (Guernsey) Limited ("BOBGL"). This change is as a result of thetake over by HSBC Holdings Plc of Bank of Bermuda Limited. Accordingly a Novation Agreement dated 11th April 2005 (the "NovationAgreement") has been entered into by the Fund, BOBGL and HCSGL. The change inCustodian has not resulted in a change of parent company and the terms andconditions of the original Custodian Agreement are not affected following thenovation. All of the assets of the Fund will be held by HCSGL. The Custodian was incorporated with limited liability in Guernsey, on 25thAugust 1992 and has its registered office at Arnold House, St Julian's Avenue,St Peter Port, Guernsey, GY1 3NF. A wholly owned subsidiary of HSBC HoldingsPlc, the Custodian has an authorised and issued share capital of £4,000,000 allof which is fully paid. The Custodian is licensed by the Guernsey FinancialServices Commission under the Protection of Investors (Bailiwick of Guernsey)Law 1987 to carry on the business of custodian to Collective Investment Schemes.The Custodian's principal business activity is acting as trustee and custodianof collective investment schemes. HSBC Holdings Plc, a public company incorporated in England, had consolidatedgross assets of approximately US$1,277 billion as at 31st December 2004. As at 31st March 2005, HCSGL have no assets under custody, however on theeffective date of change of the Custodian all the assets under custody of BOBGL,being approximately US$8 billion as at 31st March 2005, will be transferred overto HCSGL. Enquiries: HSBC Securities Services (Guernsey) Limited Ms Kate Stallard Phone: +44 1481 707 198 This information is provided by RNS The company news service from the London Stock Exchange