Oryx International Growth (Ordinary Share) OIG

Objective:

Management Contract & Fees:

North Atlantic Value LLP, the Manager and Investment Adviser, receives a fee at the annual rate of 1.25% on the first GBP 15m of the Net Asset Value of the Company, and 1% of any excess, payable monthly in arrears. The Custodian receives an annual fee at the rate of 0.075% on the first GBP 15m and 0.05% of any excess of the Net Asset Value, subject to a minimum fee of GBP 10,000 p.a.. The joint Secretary and Administrator fee is at the rate of 0.1% p.a. on the first GBP 20m and 0.05% p.a. of any excess of the NAV, and as Registrar, to an annual fee of GBP 1,000 per register maintained plus a transaction fee. The Management and Investment Advisory contracts are terminable on not less than twelve months notice by either party or earlier on certain breaches or on the insolvency of either party.