Compliance with Model Code

 
TIDMUSPI 
 
GLOBAL SPECIAL OPPORTUNITIES TRUST PLC 
 
                        Derogation from the Model Code 
 
Pursuant to Listing Rule 15.5.1 R (Compliance with the Model Code) the Company 
hereby wishes to notify the market that a closed period of the Company 
commenced on 30 November 2010 and is anticipated to end following the release 
of the Half Yearly results in January 2011. 
 
Twice weekly NAV's have been and will continue to be notified to the Exchange 
and in accordance with Listing Rule 15.5.1 (4), the Company confirms that the 
Directors and the Company are not in possession of any additional price 
sensitive information that has not been notified to the Exchange, nor have they 
been since 30 November 2010. 
 
Accordingly the Company will continue to adopt the Model Code during the close 
period with the exception of the following activities, which may be undertaken: 
 
(a) Dealings by persons discharging managerial responsibilities in the Company; 
 
(b) Purchases by the Company of its own securities; 
 
(c) Issues by the Company of securities; 
 
(d) Sales of treasury shares for cash or transfers (except for sales and 
    transfers by the Company of treasury shares in the circumstances set out in 
    LR 12.6.2 R). 
 
9 December 2010 
 
 
 
END