Interim Management Statement

EP GLOBAL OPPORTUNITIES TRUST PLC

INTERIM MANAGEMENT STATEMENT FOR THE THREE MONTHS TO 31 MARCH 2013

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 January 2013 to 31 March 2013 and should not be relied upon for any
other purpose.

OBJECTIVE

The objective of the Company 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

                              31 March 2013      31 December 2012      % change
                                                                               
Net asset value per share             206.3p                183.1p         12.7
(including income)                                                             
                                                                               
Share price                           195.0p                175.5p         11.1
                                                                               
Share price discount to net             5.5%                  4.2%             
asset value                                                                    
                                                                               
Net assets                           £101.3m                £91.8m         10.3

REVIEW OF THE PERIOD

Results

The net asset value total return for the three month period to 31 March 2013
was 12.7%. In comparison, the return from the FTSE All-World Index was 14.0%
while the return from the FTSE All-Share Index was 10.3%. All Index returns are
stated on a total return basis.

Share price and discount

During the quarter to 31 March 2013, the share price increased by 11.1% to
195.0p. The share price discount increased from 4.2% at 31 December 2012 to
5.5% at 31 March 2013.

In the period, the Company repurchased 1,030,000 shares which were placed into
treasury. The total number of shares held in treasury at 31 March 2013 was
15,411,917 shares, representing 23.9% of the total number of shares in issue of
64,509,642 shares. The total number of shares in circulation was 49,097,725
shares.

Since 31 March 2013, the Company has repurchased into treasury 370,000 shares.
As at 24 April 2013, the total number of shares held in treasury was 15,781,917
shares, the total number of shares in circulation was 48,727,725 shares, with
the total number of shares in issue, including treasury shares, being
64,509,642 shares.

Gearing

The Company renewed its borrowing facility of £10 million for a further year on
11 January 2013. As at 31 March 2013, the equivalent of £4.4 million in
Japanese yen and US dollars had been drawn down under the facility. As at 24
April 2013, the Company's borrowings of £4.2 million are all denominated in
Japanese yen.

Investment strategy and outlook

Overall there was a double digit return from global equity markets during the
first quarter of 2013, despite a number of economic headwinds, including
continuing concerns in the eurozone. There was a fear that Italy's commitment
to reform and adherence to the euro may come into question. In addition, a
significant bail out was required in Cyprus in March 2013.

The Company's largest geographic exposure is in Japan. The election of Shinzo
Abe as prime minister in December 2012 and the prospect of a more reflationary
economic policy and lower yen had boosted confidence. Japanese share prices
which had began to recover in the final quarter of 2012 continued to rise
strongly over the first quarter of 2013. Although the market moves look
significant, we believe they are still small in relation to both the historic
decline that Japanese shares had suffered and the potential profit recovery in
the country's corporate sector.

Despite the strong market rise in the first quarter of 2013, and being aware of
the possibility of short-term setbacks, we continue to believe that the
long-term outlook for equity investment remains favourable.

TOP TEN INVESTMENTS

Ranking   Company               Sector                Country          % of Net
                                                                         Assets
1.        Bridgestone           Consumer Goods        Japan                 3.4
                                                                               
2.        Cisco Systems         Technology            USA                   3.2
                                                                               
3.        Yamaha Motor          Consumer Goods        Japan                 3.1
                                                                               
4.        Microsoft             Technology            USA                   3.1
                                                                               
5.        Sumitomo Mitsui       Financials            Japan                 3.1
                                                                               
6.        Seven & I             Consumer Services     Japan                 3.0
                                                                               
7.        Applied Materials     Technology            USA                   3.0
                                                                               
8.        Google                Technology            USA                   2.9
                                                                               
9.        Fujitsu               Technology            Japan                 2.9
                                                                               
10.       SanDisk               Technology            USA                   2.8
                                                                               
                                                                           30.5

GEOGRAPHICAL DISTRIBUTION

31 March 2013                % of Net Assets 
                                             
Japan                                   30.8 
                                             
Europe                                  21.3 
                                             
United States                           19.8 
                                             
Asia Pacific                            19.8 
                                             
United Kingdom                          10.8 
                                             
Net liabilities                         (2.5)
                                             
                                       100.0 

SECTOR DISTRIBUTION

31 March 2013                % of Net Assets 
                                             
Consumer Goods                          23.8 
                                             
Technology                              22.6 
                                             
Industrials                             17.9 
                                             
Financials                              11.6 
                                             
Telecommunications                       8.6 
                                             
Consumer Services                        8.5 
                                             
Oil & Gas                                5.2 
                                             
Basic Materials                          2.2 
                                             
Health Care                              2.1 
                                             
Net liabilities                         (2.5)
                                             
                                       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 31 March 2013 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
27-31 Melville Street
Edinburgh
EH3 7JF

Tel: [phone]

Registered Office of the Company:
27-31 Melville Street
Edinburgh
EH3 7JF

25 April 2013