Issue of Equity

EP GLOBAL OPPORTUNITIES TRUST plc

The Company announces that it issued an additional 16,911 Ordinary shares of 1p
each on 27 February 2004. The Company now has an issued share capital of
22,232,241 Ordinary shares.

Enquiries:

Kenneth Greig (Edinburgh Partners Limited) 0131 270 5570

Graham Reaves/ Graeme Caton (G&N Collective Funds Services) 0131 226 4411