Transaction in Own Shares

EP Global Opportunities Trust plc (the `Company')

The Company announces that on 21 May 2009 it purchased 370,000 of its own
Ordinary 1p shares at a price of £1.325 per share. These shares have been
purchased for cancellation.

In addition to these transactions 41,000 shares from treasury are required to
be cancelled to ensure the Company holds no more than 10% of its current shares
in issue in treasury.

Following these transactions, the Company has 3,340,000 Ordinary shares held in
treasury. The number of shares in issue is now 33,404,180. The number of shares
in issue, less those held in treasury, is 30,064,180.

22 May 2009

Enquiries:

Kenneth Greig

Edinburgh Partners Limited

Tel: [phone]

The Company's registered office address is:

12 Charlotte Square

Edinburgh

EH2 4DJ