Interim Management Statement

EP Global Opportunities Trust plc

INTERIM MANAGEMENT STATEMENT FOR THE THREE MONTHS TO 31 MARCH 2009

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 January 2009 to 31 March 2009.

OBJECTIVE

The objective of EP Global Opportunities Trust plc is to provide shareholders
with an attractive real long-term total return by investing globally in under
valued securities. The portfolio is managed without reference to the
composition of any stock market index.

FINANCIAL SUMMARY

                          31 March  31 December     % Change
                              2009         2008             
                                                            
Net asset value per        133.9p       150.4p       (11.0)%
share (including                                            
income)                                                     
                                                            
Share price                124.5p       132.5p        (6.0)%
                                                            
Share price                   7.0%        11.9%             
discount to net                                             
asset value                                                 
                                                            
Net assets                  £40.9m       £46.4m             

REVIEW OF THE PERIOD

Results and Dividend

The net asset value total return in the three month period to 31 March 2009 was
-11.0%. In comparison the FTSE All-Share Index return was -9.1% and the
sterling adjusted return of the S&P 500 Composite Index was -10.7%. The FTSE
All-World Index return was -10.2%, in a period of volatile equity markets, with
the impact of the continuing financial crisis and recessionary economic
conditions adversely influencing share prices. (All Index returns are stated on
a total return basis.)

Following the approval of shareholders at the Annual General Meeting held on 30
April 2008, the Company will pay a dividend of 3.1p per share relating to the
year ended 31 December 2008 on 18 May 2009. The dividend is payable to
shareholders on the register as at the close of business on 17 April 2009, with
the ex-dividend date being 15 April 2009.

Share Price and Discount

During the quarter to 31 March 2009 the share price decreased by 8.0p from
132.5p to 124.5p, a reduction of 6.0%. The share price discount to net asset
value narrowed from 11.9% to 7.0% in the quarter.

During the period the Company repurchased 300,000 of its own shares at a total
cost of £371,000, of which 217,000 shares were acquired and placed into
treasury and 83,000 shares were purchased for cancellation. The total number of
shares held in treasury at 31 March 2009 was 3,391,000 shares, representing
10.0% of the total number of shares in issue of 33,915,180. When appropriate
the Company will continue its policy of buying in shares at a discount to net
asset value.

Investment Strategy and Outlook

In order to stimulate economies, Governments worldwide have adopted an
expansionary fiscal and monetary stance and there are few signs of the policy
mistakes of the 1930's. To date protectionism has not gained momentum.
Inflation is on a sharply lower trend and is likely to continue as commodity
price declines work through the financial system.

While the global economy will continue to weaken throughout 2009 the principal
question concerning equity markets is whether the current recessionary economic
conditions will turn into a depression. We believe that an economic depression
will be avoided and that many outstanding long-term investment opportunities
are being created by recent share price falls, particularly in areas like
technology and emerging markets. To acquire investments in those areas the
Company has started to reduce exposure to more defensively orientated sectors
such as healthcare and telecommunications, which have performed relatively well
in recent months.

Significant events or transactions

Other than as detailed above the Directors are not aware of any significant
events or transactions which have occurred between 1 January 2009 and the date
of publication of this Interim Management Statement which would have had a
material impact on the financial position of the Company.

Enquiries:

Sandy Nairn
Kenneth Greig
Edinburgh Partners Limited
12 Charlotte Square
Edinburgh EH2 4DJ
Tel: [phone]

Registered Office of the Company:
12 Charlotte Square
Edinburgh EH2 4DJ

1 May 2009