Interim Management Statement

EP Global Opportunities Trust plc

INTERIM MANAGEMENT STATEMENT FOR THE THREE MONTHS TO 30 SEPTEMBER 2010

The Board of EP Global Opportunities Trust plc ('the Company') announces its
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 2010 to 30 September 2010 and should not be relied upon for any
other purpose.

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
undervalued securities. The portfolio is managed without reference to the
composition of any stock market index.

FINANCIAL SUMMARY

                         30 September           30 June           % change
                                 2010              2010                       
                                                                                       
Net asset value per            176.2p            164.5p               7.1%
share (including                                                          
income)                                                                   
                                                                          
Share price                    171.5p            165.3p               3.8%
                                                                          
Share price                     (2.7%)              0.5%                  
(discount)/premium                                                        
to net asset value                                                        
                                                                          
Net assets                      £49.3m            £46.2m                  

REVIEW OF THE PERIOD

Results

The net asset value total return for the three month period to 30 September
2010 was 7.1%. In comparison the return from the FTSE All-World Index was 8.8%
while the return from the FTSE All-Share Index was 13.6%. All Index returns are
stated on a total return basis.

Share price and discount

During the quarter to 30 September 2010 the share price increased by 6.25p from
165.25p to 171.50p, an increase of 3.8%. The share price moved from a premium
to net asset value of 0.5% at 30 June 2010 to a discount of 2.7% at 30
September 2010.

During the period the Company repurchased 101,000 shares which were placed into
treasury. The total number of shares held in treasury at 30 September 2010 was
4,698,700 shares, representing 14.4% of the total number of shares in issue of
32,654,180 shares. The total number of shares in circulation was 27,955,480
shares.

Since 30 September 2010 the Company has repurchased into treasury 135,000
shares. As at 16 November 2010 the total number of shares held in treasury
totalled 4,833,700 shares, the total number of shares in circulation was
27,820,480 shares, with the total number of shares in issue, including treasury
shares, being 32,654,180 shares.

Investment strategy and outlook

During the third quarter of 2010 there was a partial recovery from a number of
the economic concerns which had beset equity markets in the first half of the
year. With the perception of a reduced likelihood of a European financial
crisis came a rebound in the share prices of many financial stocks. Further
share price rises occurred where evidence of valuation was provided by
corporate activity.

Despite the above, the recovery in share prices was variable. A number of
companies with excellent short-term results and strong long-term prospects were
penalised over concerns about the economic outlook for the next twelve to
eighteen months. We viewed this as a buying opportunity in good quality
undervalued stocks.

We remain positive on the outlook for our Japanese investments, which we
continue to believe are undervalued and will benefit from the growth in Asian
economies. We added to our holding in Sony during the quarter and our Japanese
exposure now represents over 18% of net assets.

We continue to maintain our position of being fully invested in equity markets
as we anticipate global economic recovery to continue.

Ranking   Company              Sector               Country            % of Net
                                                                         Assets
                                                                               
1.        Vodafone             Telecommunications   United Kingdom          3.7
                                                                               
2.        Cisco Systems        Technology           United States           3.4
                                                                               
3.        Yamaha Motor Company Consumer Goods       Japan                   3.1
                                                                               
4.        Gazprom              Oil & Gas            Russia                  3.0
                                                                               
5.        Fujitsui             Technology           Japan                   3.0
                                                                               
6.        Deutsche Post        Industrials          Germany                 2.9
                                                                               
7.        Nokia                Technology           Finland                 2.9
                                                                               
8.        Samsung Electronics  Technology           South Korea             2.8
                                                                               
9.        Singapore            Telecommunications   Singapore               2.7
          Telecommunications                                                   
                                                                               
10.       Sanofi-aventis       Health Care          France                  2.7
                                                                               
                                                                           30.2

Sector classification of investments

30 September 2010            % of Net
                                     
                               Assets
                                     
Technology                       19.1
                                     
Financials                       16.7
                                     
Telecommunications               13.1
                                     
Consumer Goods                   12.8
                                     
Oil & Gas                        10.7
                                     
Industrials                       9.9
                                     
Health Care                       7.8
                                     
Consumer Services                 5.0
                                     
Utilities                         2.1
                                     
Basic Materials                   2.0
                                     
Cash and other net assets         0.8
                                     
                                100.0

Geographical distribution

30 September 2010            % of Net
                               Assets
                                     
Europe                           29.6
                                     
United States                    19.6
                                     
United Kingdom                   19.1
                                     
Japan                            18.4
                                     
Asia Pacific                     10.0
                                     
Latin America                     2.5
                                     
Cash and other net assets         0.8
                                     
                                100.0

Past performance is not a guide to future performance.

The Directors are not aware of any significant event or transactions which have
occurred between 30 September 2010 and the date of publication of this
statement which have had a material impact on the financial position of the
Company.

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

16 November 2010