Interim Management Statement

EP GLOBAL OPPORTUNITIES TRUST PLC

INTERIM MANAGEMENT STATEMENT FOR THE THREE MONTHS TO 30 SEPTEMBER 2014

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 2014 to 30 September 2014 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 2014      30 June 2014    % change                                                    
Net asset value per ordinary share                  
(including income)                                  236.9p            232.2p        2.0                           

Share price per ordinary share                     227.38p            225.0p        1.1
                                                                               
Share price discount to net asset                                
value                                                 4.0%              3.1%                         
                                                                               
Net assets                                   £112,848,000      £111,447,000         1.3
                                                                    

REVIEW OF THE PERIOD

RESULTS

The net asset value total return for the three month period to 30 September
2014 was 2.0%. In comparison, the return from the FTSE All-World Index was 3.2%
while the return from the FTSE All-Share Index was -1.0%. All Index returns are
stated on a total return basis.

SHARE PRICE AND DISCOUNT

During the quarter to 30 September 2014, the share price increased by 1.1% to
227.38p. The share price discount increased from 3.1% at 30 June 2014 to 4.0%
at 30 September 2014.

During the period, the Company repurchased 375,000 shares which were placed
into treasury. The total number of shares held in treasury at 30 September 2014
and the date of this Interim Management Statement is 16,881,917 shares,
representing 26.2% of the total number of shares in issue of 64,509,642 shares.
The total number of shares in circulation is 47,627,725 shares.

INVESTMENT STRATEGY AND OUTLOOK

The main feature in global equity markets during the quarter was the strength
of the US dollar against other major world currencies. European equity markets
were impacted by the low level of economic growth, which was disappointing when
compared to earlier expectations. A combination of the impact of events in the
Ukraine and lower business confidence levels, resulting from cautious company
announcements, had an adverse impact, particularly on cyclical companies. By
contrast, corporate news in Japan continued to improve against a backdrop where
commentators remain concerned about the lingering effect of the recent increase
in the sales tax.

A notable feature within the portfolio is the low level of US exposure, which
is almost entirely focused on stocks in the technology sector. We continue to
find it difficult to identify more than a handful of US companies which fulfil
our valuation requirements. This is perhaps not surprising given the strength
of the US equity market in recent years. With US net profit margins being at a
historically high level, we do not believe this can be sustained.

With the recent rise in equity markets and the more muted level of forecasts
for global economic growth, we have retained the increased portfolio exposure
to the healthcare sector, as a result of the improving outlook for
pharmaceutical companies. Exposure to the telecommunication industry has also
remained high, as a consequence of recent positive regulatory developments in
Europe. The increases in these sectors were financed from the sale of
industrial stocks where we considered there to be an increased level of
valuation risk.

Overall equity market valuations worldwide are considered to be fairly valued
and, while remaining comfortable in aggregate, equity valuations can no longer
be considered cheap. We believe that global economic growth will remain
subdued, but continue to retain an almost fully invested portfolio. In
particular, we continue to remain positive on the outlook for Japanese
companies, which we believe will benefit from recent supply side reforms.

PORTFOLIO OF INVESTMENTS

                                                                       % of Net
Rank    Company                     Sector              Country          Assets
                                                                               
   1    KDDI                        Telecommunications  Japan               3.3
                                                                               
   2    Yamaha Motor                Consumer Goods      Japan               3.2
                                                                               
   3    Novartis                    Health Care         Switzerland         3.1
                                                                               
   4    Swire Pacific               Industrials         Hong Kong           3.1
                                                                               
   5    Toshiba                     Industrials         Japan               3.0
                                                                               
   6    Microsoft                   Technology          US                  2.9
                                                                               
   7    AstraZeneca                 Health Care         UK                  2.8
                                                                               
   8    PostNL                      Industrials         Netherlands         2.8
                                                                               
   9    Japan Tobacco               Consumer Goods      Japan               2.8
                                                                               
  10    Mitsubishi                  Industrials         Japan               2.7
                                                                               
  11    Panasonic                   Consumer Goods      Japan               2.7
                                                                               
  12    Sumitomo Mitsui Financial   Financials          Japan               2.6
                                                                               
  13    East Japan Railway          Consumer Services   Japan               2.6
                                                                               
  14    Roche                       Health Care         Switzerland         2.6
                                                                               
  15    DBS                         Financials          Singapore           2.5
                                                                               
  16    Sumitomo Mitsui Trust       Financials          Japan               2.5
                                                                               
  17    Google                      Technology          US                  2.5
                                                                               
  18    Royal Dutch Shell           Oil & Gas           Netherlands         2.5
                                                                               
  19    Toyota                      Consumer Goods      Japan               2.5
                                                                               
  20    Fresenius Medical Care      Health Care         Germany             2.5
                                                                               
  21    Qualcomm                    Technology          US                  2.4
                                                                               
  22    Vodafone                    Telecommunications  UK                  2.4
                                                                               
  23    Screen                      Technology          Japan               2.4
                                                                               
  24    Bangkok Bank                Financials          Thailand            2.3
                                                                               
  25    BG                          Oil & Gas           UK                  2.3
                                                                               
  26    Hutchison Whampoa           Industrials         Hong Kong           2.3
                                                                               
  27    Sanofi                      Health Care         France              2.2
                                                                               
  28    BNP Paribas                 Financials          France              2.2
                                                                               
  29    Intesa Sanpaulo             Financials          Italy               2.1
                                                                               
  30    KPN                         Telecommunications  Netherlands         2.0
                                                                               
  31    HSBC                        Financials          UK                  2.0
                                                                               
  32    Indra Sistemas              Technology          Spain               2.0
                                                                               
  33    ABB                         Industrials         Switzerland         2.0
                                                                               
  34    Terex                       Industrials         US                  1.9
                                                                               
  35    Misawa Homes                Consumer Goods      Japan               1.9
                                                                               
  36    Bridgestone                 Consumer Goods      Japan               1.9
                                                                               
  37    Samsung Electronic          Consumer Goods      South Korea         1.8
                                                                               
  38    Bank Mandiri                Financials          Indonesia           1.7
                                                                               
  39    Gazprom                     Oil & Gas           Russia              1.7
                                                                               
  40    Edinburgh Partners          Financials          UK                  1.3
                                                                               
  41    Edinburgh Partners          
        Prospect Fund               Financials          Ireland             1.0

        Total equity investments                                           97.0
                                                                               
        Cash and net assets                                                 3.0
                                                                               
                                                                          100.0

GEOGRAPHICAL DISTRIBUTION

30 September 2014              % of Investments
                                               
Japan                                      35.2
                                               
Europe                                     29.6
                                               
Asia Pacific                               14.1
                                               
United Kingdom                             11.1
                                               
United States                              10.0
                                               
                                          100.0

SECTOR DISTRIBUTION

30 September 2014              % of Investments
                                               
Financials                                 20.8
                                               
Industrials                                18.4
                                               
Consumer Goods                             17.3
                                               
Health Care                                13.6
                                               
Technology                                 12.6
                                               
Telecommunications                          7.9
                                               
Oil & Gas                                   6.7
                                               
Consumer Services                           2.7
                                               
                                          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 2014 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 AIFM Limited
27-31 Melville Street
Edinburgh
EH3 7JF

Tel: [phone]

Registered Office of the Company:

27-31 Melville Street
Edinburgh
EH3 7JF


29 October 2014