WEISS KOREA OPPORTUNITY FUND - Update re Hyundai Motor Company

PR Newswire

Weiss Korea Opportunity Fund Ltd.(the "Company")Update re Hyundai Motor CompanyFollowing the announcement on 18 September 2014 that a consortium led byHyundai Motor Company will pay KRW 10.55 trillion (GBP 6.2 billion) for theacquisition of land in Seoul (Hyundai Motor Company's share will be 55% of thetotal amount) for its new headquarters, the market prices of Hyundai preferredshares have fallen as follows:Currency:     As at         As at        As at        % change     % changeKRW           29/08/14      16/09/14     19/09/14     since        since              (date of last (last                     29/08/14     16/09/14              Monthly       reported              Factsheet)    NAV)Hyundai Motor 150,000       145,500      119,500      -20.33       -17.87Company,1stPfdHyundai Motor 157,000       157,500      126,000      -19.75       -20.00Company,2ndPfdHyundai Motor 146,000       141,000      116,000      -20.55       -17.73Company,3rdPfdSource: BloombergAs at 29 August 2014, being the date of the Company's last Monthly Factsheet(as announced on 5 September 2014),  Hyundai Motor Company, 1stPfd, HyundaiMotor Company, 2ndPfd, Hyundai Motor Company, 3rdPfd represented 12%, 7% and 4%respectively of the Company's NAV (approximately 23% of NAV in aggregate).The Company expects to announce its next NAV on or around 24 September 2014.For further information, please contact:N+1 SingerJames Maxwell / Nick Donovan - Nominated Adviser+44 (0) 207 496 3000James Waterlow - SalesJames.Waterlow@n1singer.comNorthern Trust International Fund Administration Services (Guernsey) LimitedCara De La Mare+44 (0) 1481 745498

Website: www.weisskoreaopportunityfund.com