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

                                   Dealing in Shares                               

    Weiss Korea announces that it received notification that on January 5, 2017,
    Andrew Weiss purchased 500,000 ordinary shares at a price of 144.75 p per
    share.  Andrew Weiss is the President, CEO, and CIO of the Company's Investment
    Manager, Weiss Asset Management LP. Following this purchase, Andrew Weiss holds
    7,010,888 ordinary shares, representing 7.20% per cent of the Company's total
    issued share capital. 

    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                                                          
    Sam Walden                                                               
                                                                             
    Website                                                                  
    weisskoreaopportunityfund.com