Portfolio Holdings as at 31 October 2016

EP GLOBAL OPPORTUNITIES TRUST PLC

PORTFOLIO HOLDINGS AS AT 31 OCTOBER 2016

Rank	Company	Sector	Country	% of  Net Assets
1	Royal Dutch Shell A	Oil & Gas	Netherlands	3.9
2	Novartis	Health Care	Switzerland	3.5
3	Galaxy Entertainment	Consumer Services	Hong Kong	3.4
4	Panasonic	Consumer Goods	Japan	3.4
5	Apache	Oil & Gas	United States	3.3
6	PostNL	Industrials	Netherlands	3.2
7	Mitsubishi	Industrials	Japan	3.1
8	Bank Mandiri	Financials	Indonesia	3.1
9	Japan Tobacco	Consumer Goods	Japan	3.1
10	AstraZeneca	Health Care	United Kingdom	3.0
11	BP	Oil & Gas	United Kingdom	2.9
12	SK Hynix	Technology	South Korea	2.8
13	Nomura	Financials	Japan	2.7
14	Sumitomo Mitsui Trust	Financials	Japan	2.7
15	NTT	Telecommunications	Japan	2.7
16	Roche*	Health Care	Switzerland	2.7
17	Sumitomo Mitsui Financial	Financials	Japan	2.6
18	HSBC	Financials	United Kingdom	2.5
19	BNP Paribas	Financials	France	2.5
20	Sanofi	Health Care	France	2.4
21	East Japan Railway	Consumer Services	Japan	2.3
22	Ubisoft Entertainment	Consumer Goods	France	2.3
23	Commerzbank	Financials	Germany	2.3
24	PerkinElmer	Industrials	United States	2.3
25	Bangkok Bank**	Financials	Thailand	2.3
26	Takashimaya	Consumer Services	Japan	2.2
27	Edinburgh Partners Emerging Opportunities Fund	Financials	Other	2.2
28	Tesco	Consumer Services	United Kingdom	2.2
29	Alphabet A&C***	Technology	United States	2.2
30	CK Hutchison	Industrials	Hong Kong	2.1
31	Swire Pacific A	Industrials	Hong Kong	2.1
32	Celegene	Health Care	United States	2.0
33	Telefonica	Telecommunications	Spain	2.0
34	Synchrony Financial	Financials	United States	2.0
35	Toyota	Consumer Goods	Japan	2.0
36	Bayer	Basic Materials	Germany	1.9
37	Nokia	Technology	Finland	1.8
38	Harman	Consumer Goods	United States	1.8
39	Whirlpool	Consumer Goods	United States	1.6
40	Edinburgh Partners	Financials - unlisted	United Kingdom	0.7
	Total equity investments			99.8
	Cash and other net assets			0.2
	Net assets			100.0
	* The investment is in non-voting shares
	** The investment is in non-voting depositary receipts
	*** The investment has restricted voting rights

GEOGRAPHICAL DISTRIBUTION

31 October 2016	% of Net Assets
Europe	28.5
Japan*	26.8
Asia Pacific	15.8
United States	15.2
United Kingdom	11.3
Other	2.2
Cash and other net assets	0.2
	100.0

*In relation to its investments in Japanese equities, the equivalent of £31.5m of the Japanese Yen exposure has been hedged back to Sterling (June 2016 £27m and August 2016 £4.5m).

SECTOR DISTRIBUTION 

31 October 2016	% of Net Assets
Financials	25.6
Consumer Goods	14.2
Health Care	13.6
Industrials	12.8
Consumer Services	10.1
Oil & Gas	10.1
Technology	6.8
Telecommunications	4.7
Basic Materials	1.9
Cash and other net assets	0.2
	100.0

As at 31 October 2016, the net assets of the Company were £139,643,000.

16 November 2016

Enquiries:

Kenneth Greig
Edinburgh Partners AIFM Limited
Tel: [phone]

The Company’s registered office address is:

27-31 Melville Street
Edinburgh
EH3 7JF