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 30th June 2006:

Name of company                       Class of share     
                                                         
AGFA Gevaert                          Ordinary           
                                                         
Dell                                  Ordinary           
                                                         
Deutsche Post                         Ordinary           
                                                         
GlaxoSmithKline                       Ordinary           
                                                         
KDDI Corp                             Ordinary           
                                                         
Nexity                                Ordinary           
                                                         
Philippine Long Distance Telephone    ADR                
                                                         
Royal Bank of Scotland                Ordinary           
                                                         
Swiss Life                            Ordinary           
                                                         
Vodafone Group                        Ordinary           

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