Interim Management Statement

EP GLOBAL OPPORTUNITIES TRUST PLC

INTERIM MANAGEMENT STATEMENT FOR THE THREE MONTHS TO 30 SEPTEMBER 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 July 2013 to 30 September 2013 and should not be relied upon for any
other purpose.

OBJECTIVE

The investment 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

                                       30 September        30 June            %
                                               2013           2013       change
                                                                               
Net asset value per ordinary share            218.8p         211.4p         3.5
(including income)                                                             
                                                                               
Share price per ordinary share                216.5p         200.5p         8.0
                                                                               
Share price discount to net asset               1.1%           5.2%           
value                                                                          
                                                                               
Net assets                                   £105.5m        £102.0m         3.4

REVIEW OF THE PERIOD

Results

The net asset value total return for the three month period to 30 September
2013 was 3.5%. In comparison, the return from the FTSE All-World Index was 1.2%
while the return from the FTSE All-Share Index was 5.6%. All Index returns are
stated on a total return basis.

Share price and discount

During the quarter to 30 September 2013, the share price increased by 8.0% to
216.5p. The share price discount narrowed from 5.2% at 30 June 2013 to 1.1% at
30 September 2013.

In the period, the Company repurchased 25,000shares which were placed into
treasury. The total number of shares held in treasury at 30 September 2013 and
the date of this Interim Management Statement is 16,281,917 shares,
representing 25.2% of the total number of shares in issue of 64,509,642 shares.
The total number of shares in circulation is 48,227,725 shares.

Investment strategy and outlook

In Japan, there was a reduction in a number of investments, most notably the
convenience store operator Seven & I, which had performed well. Similarly,
there was an overall reduction in US exposure. Applied Materials and Cisco
Systems were sold as they were considered to be fully discounting their future
prospects. The reduction in exposure was partially offset with the purchase of
the equipment manufacturer, Terex, and an additional investment was made in
Qualcomm, a beneficiary of the growth in mobile communications.

Overall, there was an increase in the Company's exposure to European stocks
with the purchases of Fresenius Medical Care and Osram Licht in Germany and
PostNL in the Netherlands, which was partially offset by the disposal of
Deutsche Post. The rise in UK exposure over the quarter was principally due to
the purchase of BG, which has a strong long-term production profile which was
not considered to be properly reflected in its share price valuation. This also
contributed to the rise in the Oil & Gas sector exposure over the quarter.

The valuation premium attached to companies with higher earnings predictability
has finally started to erode. At a geographic level, this manifested itself in
the US market lagging Japan and Europe in particular. We continue to find
limited opportunities in the US and therefore anticipate that the geographic
allocation is unlikely to change substantially in the coming quarters, although
clearly this will be affected by any sharp share price movements which might
occur.

The gap in valuation between companies with `predictable' earnings streams and
the remainder of the market was created by fear of a global economic collapse.
As this recedes, so the gap has narrowed. It is considered that stock markets
are only in the early stages of narrowing this gap, and, subject to the normal
caveat on short-term volatility, this process has some considerable distance to
go. We still believe that investing in shares offering long-term value will, in
due course, be rewarded.

PORTFOLIO OF INVESTMENTS

                                                                      % of Net  
Rank    Company                     Sector              Country         Assets 
                                                                               
   1    Sumitomo Mitsui             Financials          Japan              3.4 
                                                                               
   2    Bridgestone                 Consumer Goods      Japan              3.3 
                                                                               
   3    Osram Licht                 Consumer Goods      Germany            3.1 
                                                                               
   4    PostNL                      Industrials         Netherlands        3.0 
                                                                               
   5    Terex                       Industrials         US                 2.9 
                                                                               
   6    Sugi                        Consumer Services   Japan              2.9 
                                                                               
   7    Toyota Motor                Consumer Goods      Japan              2.9 
                                                                               
   8    Microsoft                   Technology          US                 2.9 
                                                                               
   9    Japan Tobacco               Consumer Goods      Japan              2.8 
                                                                               
  10    Indra Sistemas              Technology          Spain              2.8 
                                                                               
  11    Vodafone                    Telecommunications  UK                 2.8 
                                                                               
  12    KDDI                        Telecommunications  Japan              2.7 
                                                                               
  13    Qualcomm                    Technology          US                 2.7 
                                                                               
  14    Genting Singapore           Consumer Services   Singapore          2.7 
                                                                               
  15    Panasonic                   Consumer Goods      Japan              2.7 
                                                                               
  16    A.P. Moller-Maersk          Industrials         Denmark            2.6 
                                                                               
  17    Mitsubishi                  Industrials         Japan              2.6 
                                                                               
  18    Tyco                        Industrials         US                 2.6 
                                                                               
  19    ENI                         Oil & Gas           Italy              2.5 
                                                                               
  20    Yamaha Motor                Consumer Goods      Japan              2.5 
                                                                               
  21    BG                          Oil & Gas           UK                 2.5 
                                                                               
  22    DBS                         Financials          Singapore          2.5 
                                                                               
  23    Fresenius Medical Care      Health Care         Germany            2.5 
                                                                               
  24    ABB                         Industrials         Switzerland        2.4 
                                                                               
  25    Hutchison Whampoa           Industrials         Hong Kong          2.4 
                                                                               
  26    Prince Frog International * Consumer Goods      China              2.4 
                                                                               
  27    SanDisk                     Technology          US                 2.4 
                                                                               
  28    Google                      Technology          US                 2.3 
                                                                               
  29    Intesa San Paulo            Financials          Italy              2.3 
                                                                               
  30    HSBC                        Financials          UK                 2.3 
                                                                               
  31    Orange                      Telecommunications  France             2.3 
                                                                               
  32    Swire Pacific               Industrials         Hong Kong          2.3 
                                                                               
  33    Gazprom                     Oil & Gas           Russia             2.2 
                                                                               
  34    Toshiba                     Industrials         Japan              2.2 
                                                                               
  35    Samsung Electronic          Consumer Goods      South Korea        2.2 
                                                                               
  36    Fujitsu                     Technology          Japan              2.1 
                                                                               
  37    Johnson Controls            Consumer Goods      US                 2.1 
                                                                               
  38    Carnival                    Consumer Services   US                 1.9 
                                                                               
  39    Edinburgh Partners Limited  Financials          UK                 1.4 
                                                                               
  40    Edinburgh Partners Prospect Financials          Ireland            1.0 
        Fund                                                                   
                                                                               
        Total equity investments                                         100.1 
                                                                               
        Cash less net liabilities                                         (0.1)
                                                                               
                                                                         100.0 

*Trading in shares of Prince Frog International was suspended by The Stock
Exchange of Hong Kong Limited on 16 October 2013, prior to which the Company
had disposed of a significant part of its holding at 30 September 2013. The
Company's holding in Prince Frog International represented 0.6% of net assets
as at 29 October 2013. The shares remain suspended pending a further
announcement.

GEOGRAPHICAL DISTRIBUTION

30 September 2013            % of Investments
                                             
Japan                                    30.1
                                             
Europe                                   26.8
                                             
United States                            19.7
                                             
Asia Pacific                             14.4
                                             
United Kingdom                            9.0
                                             
                                        100.0

SECTOR DISTRIBUTION

30 September 2013            % of Investments
                                             
Consumer Goods                           23.9
                                             
Industrials                              22.9
                                             
Technology                               15.2
                                             
Financials                               12.9
                                             
Telecommunications                        7.8
                                             
Consumer Services                         7.5
                                             
Oil & Gas                                 7.3
                                             
Health Care                               2.5
                                             
                                        100.0

Past performance is not a guide to future performance.

Save as noted above, the Directors are not aware of any significant event or
transactions which have occurred between 30 September 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
30 October 2013