Director Shareholding

EP GLOBAL OPPORTUNITIES TRUST plc

The Company has today been informed that Mr Richard Burns, a Director of EP
Global Opportunities Trust plc, has today purchased 125,000 Ordinary shares of
the Company at a price of 102 pence per share.

Mr Burns now has an interest in 327,000 Ordinary shares of the Company,
representing 1.46% of the issued Ordinary shares.

27.10.04