Transaction in Own Shares

EP Global Opportunities Trust plc (the `Company')

The Company announces that on 1 September 2008 it purchased 10,000 of its own
Ordinary 1p shares at a price of £1.46 per share. The shares have been placed
into Treasury.

Following these transactions, the Company has 2,500,000 Ordinary shares held in
Treasury and 31,498,180 Ordinary shares in circulation. The total number of
shares in issue remains as 33,998,180.

The Company stated in its Half Yearly Report for the period to 30 June 2008
that the Directors considered the level of discount of the share price to net
asset value to be unsatisfactory and that the Company would, where appropriate,
continue the policy of buying in shares at a discount to net asset value.

2 September 2008

Enquiries:

Kenneth Greig

Edinburgh Partners Limited

Tel: [phone]

The Company's registered office address is:

12 Charlotte Square

Edinburgh

EH2 4DJ