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 27 July 2016 (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 closed period due to its annual results for the twelve months ended 31 December 2016. These results will be published on or around 27 April 2017. The Company has appointed N+1 Singer Advisory LLP to manage an irrevocable programme during the closed period (the "Closed Period Buy-Back Programme") to buy-back ordinary shares within certain pre-set parameters. The Closed Period Buy-Back Programme will commence today and will run until the end of the closed period, being the date of publication of the Company's Accounts for the twelve months ended 31 December 2016, unless completed earlier.

Any shares purchased in the Closed 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 inside information.

For further information, please contact:

N+1 Singer James Maxwell – Nominated Adviser James Waterlow and Alan Geeves – Sales	[phone]
Northern Trust International Fund Administration Services (Guernsey) Limited Sam Walden	[phone]

Website 

www.weisskoreaopportunityfund.com

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