Share Buy-Back Programme

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.
("Weiss Korea" or "the Company")

Share Buy-Back Programme

At the Company's last annual general meeting on 29 July 2015 ("the AGM"), Weiss Korea shareholders granted the Company a general buy-back authority of up to 40% of the Company's issued share capital.

The Company is about to go into a close period due to its final results for the year ended 31 December 2015.  These results will be published on or around 13 April 2016.  The Company has appointed N+1 Singer Advisory LLP to manage an irrevocable programme during the close period (the "Close Period Buy-Back Programme") to buy-back ordinary shares within certain pre-set parameters. The Close Period Buy-Back Programme will commence today and will run until the end of the close period, being the date of publication of the Company's Annual Report and Accounts for the year ended 31 December 2015, unless completed earlier.

Any shares purchased in the Close Period Buy-Back Programme will count towards the Company's general buy-back authority of 40% of the Company's issued share capital, as approved at the Company's AGM.

Weiss Korea confirms that it currently has no unpublished price sensitive information.

For further information, please contact:

N+1 Singer James Maxwell/ Gillian Martin – Nomad James Waterlow – Sales	[phone]
Northern Trust International Fund Administration Services (Guernsey) Limited Sam Walden / Cara De La Mare	[phone]

Website 

www.weisskoreaopportunityfund.com