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")                        
     (a closed-ended investment scheme incorporated with limited liability     
           under the laws of Guernsey with registered number 56535)            


                                9 February 2015                                

                           Share Buy-Back Programme                            

 
At the Company's last annual general meeting on 28 July 2014 ("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 2014.  These results will be published by the end of
April 2015.  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 2014, 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Weiss Korea confirms that it currently has no unpublished price sensitive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                                          [phone]              
James Maxwell / Gill Martin - Nominated Adviser                                                                     
James Waterlow - Sales                                                      
                                                                            
Northern Trust International Fund                   [phone]              
Administration Services (Guernsey) Limited                                  
Cara De La Mare                                                             
                                                                            
Website                                                                     
weisskoreaopportunityfund.com