Portfolio Update

EP Global Opportunities Trust Plc (the 'Company')

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
30th June 2005:

Name of company                            Class of     
                                           share        
                                                        
C&C Group                                  Ordinary     
                                                        
Edinburgh Partners Japan Opportunities     I Shares     
Fund                                                    
                                                        
ENI                                        Ordinary     
                                                        
Glaxosmithkline                            Ordinary     
                                                        
Korea Electric Power                       Ordinary     
                                                        
Mizuho Financial Group                     Ordinary     
                                                        
Pfleiderer                                 Ordinary     
                                                        
Philippine Long Distance Telephone         ADR          
                                                        
Repsol                                     Ordinary     
                                                        
Vodafone Group                             Ordinary     

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