Portfolio Update

EP Global Opportunities Trust Plc (the 'Company')

In accordance with UKLA Listing Rule 15.4.11(2), the following list represents
the Company's 10 largest investments and where appropriate, any investment with
a value greater than 5% of the Company's gross assets as at 31st December 2005:

Name of company                            Class of     
                                           share        
                                                        
AGFA Gevaert                               Ordinary     
                                                        
Belluna                                    Ordinary     
                                                        
Daiwa House Industries                     Ordinary     
                                                        
Deutsche Post                              Ordinary     
                                                        
Edinburgh Partners Japan Opportunities     I Shares     
Fund                                                    
                                                        
Itochu Corporation                         Ordinary     
                                                        
Kon KPN                                    Ordinary     
                                                        
Philippine Long Distance Telephone         ADR          
                                                        
Randstad Holdings                          Ordinary     
                                                        
Vodafone Group                             Ordinary     

None of the above has a value greater than 5% of the Company's Gross Assets.