FAV, issue of new ordinary shares and Board change

EP GLOBAL OPPORTUNITIES TRUST PLC                       

                                 10 MARCH 2011                                 

      FORMULA ASSET VALUE, ISSUE OF NEW ORDINARY SHARES AND BOARD CHANGE       

The Board of EP Global Opportunities Trust plc (the "Company") refers to the
Circular and the Prospectus published by the Company on 4 February 2011 in
connection with the scheme of reconstruction and winding up of Anglo & Overseas
Plc ("Anglo").

Formula Asset Value and issue of New Ordinary Shares

Further to the passing of the resolution at the Company's general meeting held
on 3 March 2011 and under the terms of the Proposals, the formula asset value
of the Company and of Anglo were calculated for the purposes of the Scheme as
at close of business on 7 March 2011. The FAV per Ordinary Share was 186.29p
and the Rollover FAV per Anglo Share was 115.33p.

Following Anglo Shareholders voting in favour of the resolution proposed at the
second general meeting of Anglo this morning, the Scheme has now become
unconditional (subject only to the New Ordinary Shares to be issued under the
Scheme being admitted to listing on the Official List of the UK Listing
Authority).

Accordingly, under the terms of the Proposals, Anglo Shareholders shall receive
0.6191 New Ordinary Shares for every existing Anglo Share held for which an
election was made or deemed to be made for the Rollover Option. The price at
which each New Ordinary Share will be treated as being issued will be 186.29p.
Fractions of New Ordinary Shares which would otherwise arise will not be issued
to Anglo Shareholders, with fractional entitlements being rounded down to the
nearest whole number of Ordinary Shares.

As previously announced, the holders of approximately 70.3 per cent. of the
Anglo Shares elected or were deemed to elect to roll over their investment in
Anglo into the Company. 31,855,462 New Ordinary Shares will therefore be issued
to those shareholders of Anglo who are rolling over their investment into the
Company.

It is expected that the New Ordinary Shares will be admitted to listing on the
Official List of the UK Listing Authority and to trading on the main market of
the London Stock Exchange at 8.00 a.m. on 11 March 2011.

Following the issue of the New Ordinary Shares, the Company will have
59,041,942 Ordinary Shares in circulation, each carrying one voting right per
share. The Company holds 5,467,700 Ordinary Shares in treasury. Accordingly,
the total number of Ordinary Shares in issue is 64,509,642.

Board change

Giles Weaver joined the board of the Company as a non-executive director today.
Giles Weaver previously held 240,000 ordinary shares in Anglo which he has
elected to roll over into the Company. Save for as disclosed in the Prospectus,
there are no other details to be disclosed pursuant to Listing Rule 9.6.13 in
relation to this Board appointment. A copy of the Prospectus is available for
inspection at the National Storage Mechanism, which is located at
www.hemscott.com/nsm/do.

Defined terms

Terms defined in the Circular to shareholders dated 4 February 2011 shall have
the same meaning in this announcement unless the context otherwise requires.

Enquiries

Kenneth J Greig           Edinburgh Partners Limited    0131 270 3800        
                                                                             
Colin Buchanan            Edinburgh Partners Limited    0131 270 3800        
                                                                             
Mhairi Macdonald          Edinburgh Partners Limited    0131 270 3800        

Note

Dickson Minto W.S., which is authorised and regulated in the United Kingdom by
the FSA, is acting for the Company and for no-one else in connection with the
Proposals, and will not be responsible to anyone other than the Company for
providing the protections afforded to customers of Dickson Minto W.S. or for
providing advice to any other person in relation to the Proposals or any other
matter referred to in this announcement.

End.