Transaction in Own Shares

EP Global Opportunities Trust plc

The Company announces that on 22 May 2007 it purchased 50,000 of its own
Ordinary 1p shares at a price of 1.65 pence per share. These shares have been
placed into Treasury.

Following this transaction, the Company has 50,000 Ordinary shares held in
Treasury and 33,948,180 Ordinary shares in circulation. The total number of
shares is issue remains as 33,998,180.

23 May 2007

Enquiries:

Kenneth Greig

Edinburgh Partners Limited

Tel: [phone]

The Company's registered office address is:

12 Charlotte Square

Edinburgh

EH2 4DJ