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 2nd January 2015

            Name              NAV per share      ISIN           NAV DATE
                               (Pence Per
                                 Share)

Weiss Korea Opportunity Fund     118.74      GG00B933LL68   31st December 2014
Ltd.
 
Commentary:
As at 31st December 2014, the Company's net assets were £124.67 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. The NAV published in the
Company's audited financial statements may be different from above as the
Company's audited financial statements are prepared under IFRS, which will
include dividends receivable as part of NAV. 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]