Interim Management Statement

EP Global Opportunities Trust plc

INTERIM MANAGEMENT STATEMENT FOR THE THREE MONTHS TO 30 SEPTEMBER 2008

The Board of EP Global Opportunities Trust plc ('the Company') announces its
second Interim Management Statement as required by the UK Listing Authority's
Disclosure and Transparency Rules. This Statement is in respect of the period
from 1 July 2008 to 30 September 2008.

OBJECTIVE

The objective of EP Global Opportunities Trust plc is to provide shareholders
with an attractive real long-term total return by investing globally in under
valued securities. The portfolio is managed without reference to the
composition of any stock market index.

FINANCIAL SUMMARY

                      30 September      30 June     % Change
                                                            
                              2008         2008             
                                                            
Net asset value per         151.8p       153.5p        -1.1%
share (including                                            
income)                                                     
                                                            
Share price                 135.0p       134.0p        +0.7%
                                                            
Share price                  11.1%        12.7%             
discount to net                                             
asset value                                                 
                                                            
Net assets                  £46.8m       £49.2m             

REVIEW OF THE PERIOD

Results

The net asset value total return in the three month period to 30 September 2008
was -1.1%. In comparison the FTSE All-World Index total return was -6.4% and
the FTSE All-Share Index total return was -12.2%.

Share Price and Discount

During the quarter to 30 September 2008 the share price increased by 1p from
134p to 135p, an increase of 0.7%. The share price discount to net asset value
reduced from 12.7% to 11.1% during what was again a volatile period in equity
markets, as the impact of the credit crisis and an economic slowdown continued
to impact share prices.

During the period the Company repurchased 1,229,000 shares which are all held
in treasury. The total number of shares held in treasury at 30 September 2008
was 3,174,000 shares, representing 9.3% of the total number of shares in issue.
As highlighted in the half yearly report we continue to regard the level of the
discount as unsatisfactory and when appropriate, the Company will continue its
policy of buying in shares at a discount to net asset value.

Investment Strategy and Outlook

Investors' concerns have shifted from whether or not a recession will occur to
the possibility of economic depression in a large number of countries,
including the US, the UK and Germany. Inflationary pressures appear to be
easing as commodity prices decline. The combination of these trends, combined
with the evident concerns in the financial sector, makes it likely that
significant interest rate reductions will occur in the next year in the USA,
Europe and the UK.

The principal concern is how long and how deep the economic slowdown will be.
We do not anticipate that the global economy will emerge from recession until
2010, with the extent of the downturn dependent on the financial sector and the
resumption of lending at non penal interest rates.

Given our concerns over the economic outlook, the Company's largest sector
exposure is in healthcare, where the Company's investments have strong balance
sheets and good cash flow and should display earnings resilience in the current
economic climate. The second largest sector exposure is in the
telecommunications sector which has not been as adversely impacted by the
economic slowdown as many sectors have been and which is supported by high and
reasonably secure dividend yields.

The extreme volatility in financial markets has been used as an opportunity to
invest in securities which we consider to have been, in our view, unduly
penalised. With recent market falls we are finding sharply increasing numbers
of potential investment opportunities and for this reason the cash, short term
government bonds and other net assets position has reduced. We anticipate
gradually moving to a fully invested position and replacing some of our more
defensive telecommunication and healthcare positions with investments in other
sectors that are becoming better value.

Enquiries:

Sandy Nairn

Kenneth Greig

Edinburgh Partners Limited

12 Charlotte Square

Edinburgh EH2 4DJ

Tel: [phone]

Registered Office of the Company:

12 Charlotte Square

Edinburgh EH2 4DJ

30 October 2008