Portfolio Update

EP Global Opportunities Trust Plc

In accordance with UKLA Listing Rule 21.20(l)(ii), 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 2005:

Name of company                       Class of share 
                                                     
Bradford & Bingley                    Ordinary       
                                                     
C&C Group                             Ordinary       
                                                     
Edinburgh Partners Japan Opps Fund    I Shares       
                                                     
ENI                                   Ordinary       
                                                     
Glaxosmithkline                       Ordinary       
                                                     
Korea Electric Power                  Ordinary       
                                                     
Mizuho Financial Group                Ordinary       
                                                     
Neopost                               Ordinary       
                                                     
Pfleiderer                            Ordinary       
                                                     
Repsol                                Ordinary       

None of the above have a value greater than 5% of the Company's Gross Assets,
with the exception of Pfleiderer.