Weiss Korea Opportunity Fund Ltd. ("Weiss Korea" or "the Company")       

                              Transactions in Own Shares                           

    Weiss Korea announces that on 19 January 2016 it purchased 100,000 ordinary
    shares at a price of 120.24p per share in accordance with the authority granted
    to it by shareholders at its 2015 Annual General Meeting. The purchased shares
    will be cancelled. Following this purchase, the Company has 97,409,750 ordinary
    shares in issue.  There are no shares held in treasury.

    For further information, please contact:

    N+1 Singer                                  +44 20 7496 3000             
                                                                             
    James Maxwell - Nominated Adviser                                        
    James Waterlow - Sales                                                   
                                                                             
    Northern Trust International Fund           +44 1481 745 498             
    Administration Services (Guernsey) Limited                               
                                                                             
    Cara De La Mare                                                          
                                                                             
    Website                                                                  
    weisskoreaopportunityfund.com