Result of EGM

EP Global Opportunities Trust plc (the 'Company')

Result of EGM held on 26 October 2005

At an Extraordinary General Meeting held today, convened by a circular sent to
shareholders of the Company on 30 September 2005 in connection with the
proposed placing and offer for subscription of further ordinary shares in the
Company (the 'Placing and Offer'), the special resolution to approve the
increase in the Company's authorised share capital and to authorise the
allotment of shares pursuant to the Placing and Offer was passed.

Following the passing of this resolution, the Company now intends to proceed
with the Placing and Offer. A prospectus will be issued in due course which
will detail the terms of the Placing and Offer and the necessary actions
required in order for potential investors to apply for shares in the Company.

Enquiries:

Sandy Nairn/Kenneth Greig
Edinburgh Partners Limited
0131 272 2701

Nigel Russell
G&N Collective Funds Services Limited
0131 226 4411