TIDMUSPI 
 
GLOBAL SPECIAL OPPORTUNITIES TRUST PLC 
 
      Interim Management Statement for the quarter ended 28 February 2009 
 
Investment Objective 
 
For the portfolio to be managed to provide Shareholders with capital growth, 
for the Income Shareholders to be repaid their final adjusted capital 
entitlement on 31 May 2011 of 120.82p per Income Share and for the portfolio to 
be managed so as to provide the Capital Shareholders with a cash return on or 
shortly after 31 May 2011. The Directors will seek to distribute substantially 
all of the net revenue to Income Shareholders by way of dividend although this 
is not expected to be a material amount. 
 
Financial Highlights 
 
                                      28 February    30 November     % change 
                                             2009           2008 
 
Income share NAV                           57.29p         53.13p         7.83 
 
Mid price                                  38.50p         39.50p       (2.53) 
 
Capital share NAV                           0.00p          0.00p         n/a 
 
Mid price                                   0.38p          0.51p      (25.49) 
 
Unit (1 Cap and 1 Inc share) NAV           57.29p         53.13p         7.83 
 
Mid price                                  39.00p         40.00p       (2.50) 
 
Russell 2000 Index ($ terms)             1,694.00       2,050.62      (17.39) 
 
Russell 2000 Index (GBP)                   1,188.44       1,336.34      (11.07) 
 
US Dollar/Sterling exchange rate          1.42535        1.53445       (7.11) 
 
Material Events and Transactions 
 
Dividends 
 
No dividends were paid during the period. 
 
Banking arrangements 
 
The Company has a US$5.0m revolving credit facility with Allied Irish Banks 
Plc. At the start of the period the Company had drawn down US$3.5m of the 
facility. US$2.5m was repaid during the period and at 28 February 2009 the 
Company was utilising US$1.0m of the facility. 
 
On 31 March 2009 the Company repaid US$0.5m of its US$1.0m facility. 
 
Top TenHoldings 
 
Company                     Sector                               % of portfolio 
 
Bovie Medical               Medical equipment                            18.41% 
 
Integrated Security Systems Security & protection services                8.67% 
 
Pipeline Data               Data processing & outsourced                  8.44% 
                            services 
 
Cover-All Technologies      Application software                          7.08% 
 
Global Axcess               Business services                             6.00% 
 
Sinohub                     Financial services                            4.86% 
 
Hemobiotech                 Biotechnology                                 4.31% 
 
Asian Financial             Printing equipment                            3.71% 
 
China Greenscape            Environmental and facilities                  3.71% 
                            services 
 
Heyspace                    Internet Software and Services                3.71% 
 
Further Information 
 
Daily prices, company announcements, Reports and Accounts and monthly fact 
sheets are available at www.premierassetmanagement.co.uk. 
 
17 April 2009 
 
 
 
END
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