Cancellation of share premium account

EP Global Opportunities Trust plc (the "Company")

Confirmation of the cancellation of the Company's share premium account

At the general meeting of the Company held on 3 March 2011 a resolution was
passed approving the cancellation of the amount standing to the credit of the
Company's share premium account as at the date of the final hearing before the
Court of Session (the "Court") at which the said cancellation is sought
(subject to the confirmation of the Court).

The Directors are pleased to announce that the Court has now confirmed this
cancellation and the Court's order has been registered by the Registrar of
Companies. The cancellation has now become effective and an amount of 
£77,307,420 has been transferred from the Company's share premium account to its
special reserve account. This amount can be treated as a distributable reserve
for all purposes permitted by the Companies Act 2006 (as amended), and will
enhance substantially the ability of the Company to buy-back its own shares,
either into treasury or for cancellation.

23 August 2011

Enquiries:

Kenneth J. Greig

Edinburgh Partners Limited

Tel: [phone]

The Company's registered office address is:

12 Charlotte Square

Edinburgh

EH2 4DJ