Correction : Transaction in Own Shares

EP Global Opportunities Trust plc (the `Company')

The Company regrets to announce that it has omitted to announce a buyback of
shares on 24 July 2007.

On that date it purchased 9,902 of its own Ordinary 1p shares at a price of 166
pence per share. The shares have been placed into Treasury.

As a consequence the announcement on 27 July 2007 of a further buyback of
175,000 shares on 26 July 2007 was incorrect.

The corrected position is as follows:

Date of           Number of    Price per    Number of shares Number of shares
buyback         Ordinary 1p        share    held in Treasury   in issue, less
                     shares                        following    those held in
                                                 transaction         Treasury
                                                                    following
                                                                  transaction
                                                                             
24 July 2007          9,902    166 pence             461,902       33,536,278
                                                                             
26 July 2007        175,000    164 pence             636,902       33,361,278
                                                                             

Following these transactions, the total number of shares in issue remains as
33,998,180.

1 August 2007

Enquiries:

Kenneth Greig

Edinburgh Partners Limited

Tel: [phone]

The Company's registered office address is:

12 Charlotte Square

Edinburgh

EH2 4DJ