Portfolio Update

EP Global Opportunities Trust Plc (the "Company")

In accordance with UKLA Listing Rule 15.4.11(2), the following list represents
the Company's 10 largest investments and where appropriate, any investment with
a value greater than 5% of the Company's gross assets as at 31st March 2006:

Name of company                       Class of share     
                                                         
Agfa Gevaert                          Ordinary           
                                                         
Banco Popular                         Ordinary           
                                                         
Dell                                  Ordinary           
                                                         
Deutsche Post                         Ordinary           
                                                         
Kon KPN                               Ordinary           
                                                         
Nexity                                Ordinary           
                                                         
Philippine Long Distance Telephone    ADR                
                                                         
Portugal Telecom                      Ordinary           
                                                         
Randstad Holdings                     Ordinary           
                                                         
Vodafone Group                        Ordinary           

None of the above has a value greater than 5% of the Company's Gross Assets.