Interim Management Statement

EP GLOBAL OPPORTUNITIES TRUST PLC

INTERIM MANAGEMENT STATEMENT FOR THE THREE MONTHS TO 30 SEPTEMBER 2009

The Board of EP Global Opportunities Trust plc (the `Company') announces its
Interim Management Statement as required by the UK Listing Authority's
Disclosure and Transparency Rules. This Statement is in respect of the period
from 1 July 2009 to 30 September 2009.

OBJECTIVE

The objective of EP Global Opportunities Trust plc is to provide Shareholders
with an attractive real long-term total return by investing globally in
undervalued securities. The portfolio is managed without reference to the
composition of any stock market index.

FINANCIAL SUMMARY

                          30 September      30 June           % Change                
                          2009              2009                                 
                                                                             
Net asset value per       174.5p            138.3p            +26.2%             
share (including income)                                                                      
                                                                             
Share price               168.0p            135.5p            +24.0%             
                                                                             
Share price discount      3.7%              2.0%                                 
to net asset value                                                                  
                                                                             
Shareholders' funds       £51.3m            £41.3m                               

REVIEW OF THE PERIOD

Results and dividend

The net asset value total return in the three month period to 30 September 2009
was 26.2%. In comparison the FTSE All-Share Index return was 22.4% and the
sterling adjusted return of the S&P 500 Composite Index was 19.0%. The FTSE
All-World Index return was 21.7%, in a period when confidence returned to
equity markets as the fear of depression faded and economic indicators
suggested that the trough of the economic cycle had been reached. (All Index
returns are stated on a total return basis.)

Share price and discount

During the three month period to 30 September 2009 the share price increased by
32.5p from 135.5p to 168.0p, an increase of 24.0%. The share price discount to
net asset value marginally widened from 2.0% to 3.7% in the quarter.

During the period the Company repurchased for cancellation 439,000 of its own
shares at a total cost of £633,000. As at 30 September 2009 the total number of
shares held in treasury totalled 3,265,000 shares, the total number of shares
in circulation was 29,389,180 shares, with the total number of shares in issue,
including treasury shares, being 32,654,180 shares.

Since 30 September 2009 the Company has repurchased into treasury 470,000
shares. As at 28 October 2009 the total number of shares held in treasury
totalled 3,735,000 shares, the total number of shares in circulation was
28,919,180 shares, with the total number of shares in issue, including treasury
shares, being 32,654,180 shares.

Investment strategy and outlook

There was a strong rise in equity markets during the quarter with investors
increasingly becoming more confident about the economic outlook. While the
debate about the shape of recovery has assumed less importance in recent
months, almost certainly the likely path of recovery will become an increasing
focus of investors' thoughts and actions in the near future. Although Edinburgh
Partners Limited, the Company's Investment Manager, believes equity valuations
offer good long-term value, there are areas which they believe have risen more
than their underlying prospects would justify. As a consequence, exposure to
technology stocks (including the disposal of Baidu.com following substantial
share price appreciation) and banking stocks was reduced during the stock
market rally.

Some holdings were added over the third quarter in more cyclical areas of the
market where share prices had fallen substantially. The most significant
additions were the Norwegian fertiliser company Yara and the Japanese consumer
electronics company Sony. Overall after the significant rally in share prices
seen over recent months, a tight discipline will be required over the purchase
prices of any potential new investment opportunities.

Significant events or transactions

Other than as detailed above the Directors are not aware of any significant
events or transactions which have occurred between 1 July 2009 and the date of
publication of this Interim Management Statement which would have had a
material impact on the financial position of the Company.

Enquiries:

Sandy Nairn

Kenneth Greig

Edinburgh Partners Limited

12 Charlotte Square

Edinburgh EH2 4DJ

Tel: [phone]

28 October 2009