USPI Global Spec.Inc

    US OPPORTUNITIES SPECIAL OPPORTUNITIES TRUST PLC

29 February 2008

New Directors and outline proposals

Board Appointments

The following Directors have been appointed to the Board today, to take
immediate effect:

Duncan Abbot aged 52 - Chairman

Mr Abbot is a Fellow of the Securites Institute and a Chartered Accountant.
From 1995 to 2001 he was Chairman of Christows Limited, a stock broking and
fund management group. In 2001 he co-founded Iimia MitonOptimal plc (soon to be
renamed Midas Capital plc) and served as its business development director
until October 2007. He is still employed by that group. He is a co-founder and
Chairman of Coalition Holdings Limited.

Rory Macleod aged 54

Mr Macleod is currently a consultant to Oxford Analytica. Oxford Analytica is
an international, independent consulting firm drawing on a network of over
1,000 senior faculty members at Oxford and other major universities and
research institutions around the world. Between 1997 to 2003 he was Head of
Fixed Income and Currency at Baring Asset Management and was a member of the
asset allocation committee. Between 1991 and 1997 he was Head of Global Fixed
Income at Mercury Asset Management.

Andrew Pegge aged 44

Mr. Pegge is currently a director of Laxey Partners Limited. Prior to the
establishment of Laxey Partners in 1999, Mr Pegge spent 8 months with the Isle
of Man Financial Supervision Commission as acting Supervisor of Collective
Investment Schemes. In 1995, Mr Pegge set-up Regent Kingpin, a global active
value fund manager which was sold to the majority holder, Regent Pacific Group,
in early 1997. Mr Pegge was Chairman of Regent Kingpin and had responsibility
for managing the group's global emerging markets funds. In 1990, he joined
Buchanan Partners Limited where he developed a process of systematic analysis
and management of investment situations in both mainstream and emerging equity
markets.

These Directors join Mr Stephen White who continues as a Director of the
Company.

Proposals

The Board is currently structuring proposals with the Company's advisers to be
put to shareholders in connection with the scheduled wind up date of 30 May
2008 under which it is currently envisaged that:

- Zero Dividend Preference Shares will be repaid their final capital
entitlement in cash on or shortly after the current wind up date of 30 May
2008;

- the life of the Company will be extended;

- the objective of the Company will be amended and the portfolio will be
managed on a realisation basis with the objective of returning the realisation
proceeds from investments on an expedient basis;

- a tender offer will be made to income shareholders (save for certain overseas
shareholders) so as to provide a cash exit on or around 30 May 2008 for a
significant percentage of their shareholding.

- the Capital shares and remaining Income shares will be re-designated as
ordinary shares;

- a final interim dividend will be paid to Income shareholders;

- the terms of the existing management arrangements will be amended; and

- consideration will be given to the implementation of a bonus issue of
warrants under which both Income and Capital shareholders will be given a
specified entitlement to bonus warrants.

A circular and prospectus in relation to these proposals is expected to be
published in early April for approval at an Extraordinary General Meeting of
the Company to be convened in early May 2008.

Enquiries

Cenkos Securities plc- William Rogers/Dion Di Miceli 0207 3971920/1921

Premier Fund Managers - Nigel Sidebottom 01483 400465    



END

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