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    Weiss Korea confirms that it currently has no unpublished price sensitive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                             +44 20 7496 3000                      
    James Maxwell/ Gillian Martin - Nomad                                        
    James Waterlow - Sales                                                       
                                                                                 
    Northern Trust International Fund      +44 1481 745 498                      
    Administration Services (Guernsey)                                           
    Limited                                                                      
    Sam Walden / Cara De La Mare                                                 

    Website 

    www.weisskoreaopportunityfund.com