Net Asset Value(s)

NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART OR INTO THE 
   UNITED STATES, CANADA, AUSTRALIA, JAPAN, THE REPUBLIC OF IRELAND OR SOUTH   
                                 AFRICA OR TO                                  
                                 U.S. PERSONS                                  

                       Weiss Korea Opportunity Fund Ltd.                       
                                (the "Company")    
                            
     (a closed-ended investment scheme incorporated with limited liability     
           under the laws of Guernsey with registered number 56535)            

                    Publication of Net Asset Value ("NAV")                     
                       Date of Release 02nd January 2015                        

         Name               NAV per share        ISIN             NAV DATE       
                              (Pence Per                                       
                                Share)                                         
                                                                               
Weiss Korea Opportunity        118.96        GG00B933LL68    30th December 2014  
      Fund Ltd.                                                                      
                                                                               

Commentary:

As at 30th December 2014, the Company's net assets were £124.91 million.

Dividends:

As noted in the Admission Document, dividends from Korean preferred shares are
not accounted for or accrued in the NAV until the amount of each dividend is
received. As a result of the foregoing, the NAV published above may not reflect
all income contractually due to the Company as at the stated NAV date.  The
Company expects that there are dividends receivable by the Company as at the
stated NAV date but such dividends have not yet been received so they are not
yet included in NAV. The amount of such dividends is not yet known as of the
date of this announcement. Please refer to the Admission Document for more
information regarding the announcement and payment of Korean dividends.

Important Notice:

The Net Asset Value figure in this announcement is an estimate, and is based on
unaudited estimated valuations. Estimated results, performance or achievements
may differ materially from any actual results, performance or achievements. No
person has authority to give any representations or warranties (express or
implied) as to, or in relation to, the accuracy, reliability or completeness of
the information in this release, and all liability therefor is expressly
disclaimed. Accordingly, none of the Company, the Investment Manager, the
Administrator, or any of its/their respective members, directors, officers,
agents, employees or advisers take any responsibility for, or will accept any
liability whether direct or indirect, express or implied, contractual,
tortious, statutory or otherwise, in respect of, the accuracy or completeness
of the information or for any loss, howsoever arising, from the use of this
release. Except as required by applicable law, the Company expressly disclaims
any obligations to update or revise the above estimates to reflect any change
in expectations, new information, subsequent events or otherwise.

Enquiries:
Northern Trust International Fund Administration Services (Guernsey) Limited
Cara De La Mare
Tel: [phone]