Weiss Korea Opportunity Fund - Compulsory Redemption of Shares

Weiss Korea Opportunity Fund Ltd.

(“WKOF” or the “Company”)
(a closed-ended investment scheme incorporated with limited liability
under the laws of Guernsey with registration number 56535)
LEI Number: 213800GXKGJVWN3BF511

COMPULSORY REDEMPTION OF SHARES

Further to the resolutions passed by the Company's shareholders at its Extraordinary General Meeting on 14 April 2025 to approve the Managed Wind-down of the Company and enable compulsory redemptions of the Company's ordinary shares ("Shares"), the Company today announces that it intends to return GBP70,000,000 by way of a compulsory redemption of Shares (the "Redemption") after close of business on 9 July 2025 (the "Redemption Date"). The Redemption will be effected at a price per Share equal to the prevailing Net Asset Value per Share as at the Redemption Date. 

The number of Shares to be redeemed will be redeemed pro rata to holdings of Shares on the Company’s register of members at close of business on the Redemption Date and will be paid to Shareholders in sterling. As at today's date, the Company has 69,265,582 Shares in issue with voting rights and 11,752,246 Shares held in treasury. For illustrative purposes only, if the redemption price was equal to the prevailing Net Asset Value per Share as at the date of this announcement, being 163.93 pence per Share, a holder of 100,000 Shares would have 61,648 Shares redeemed, and receive GBP101,059.57 in cash.

Fractions of Shares will not be redeemed and so the number of Shares to be compulsorily redeemed from each Shareholder will be rounded down to the nearest whole number of Shares. Final calculations of the number of Shares to be redeemed and confirmation of the redemption price will be announced shortly after the Redemption Date.

Payments of redemption monies are expected to be effected either through CREST (in the case of Shares held in uncertificated form) or by cheque (in the case of Shares held in certificated form) on 23 July 2025, or as soon as practicable thereafter. Share certificates currently in issue will be superseded by new share certificates for the balance of the relevant shareholdings in the Company and will be distributed to certificated Shareholders with the cheque in respect of their redemption monies.

All Shares that are redeemed will be cancelled. Accordingly, once redeemed, such Shares will be incapable of transfer by Shareholders or reissue by the Company.

The Shares will be disabled in CREST after close of business on the Redemption Date and the existing ISIN number, GG00B933LL68, (the "Old ISIN") will expire.

The new ISIN number, GG00BT26K977, (the "New ISIN") in respect of the remaining Shares, which will not have been redeemed, will be enabled and available for transactions after 8.00 a.m. on 10 July 2025.

Up to and including the Redemption Date, the Shares will continue to be traded under the Old ISIN and as such, a purchaser of such Shares who was not on the register as at the record date for the Redemption would have a market claim for a proportion of the redemption proceeds following the activation of the New ISIN. CREST will automatically transfer any open transactions as at the Redemption Date to the New ISIN.

Shareholders should note that the Board retains absolute discretion as to the execution, extent and timing of any further redemptions.

Expected timetable for Redemption

The anticipated dates and sequence of events relating to the implementation of the Redemption are set out below:

Capitalised terms used but not defined in this announcement will have the same meaning as set out in the circular of the Company published on 19 March 2025.

For further information, please contact:

A copy of this announcement will be available on the Company's website at https://www. https://www.weisskoreaopportunityfund.com. Neither the content of the Company's website, nor the content on any website accessible from hyperlinks on its website, is incorporated into, or forms part of, this announcement nor, unless previously published by means of a recognised information service, should any such content be relied upon in reaching a decision as to whether or not to acquire, continue to hold, or dispose of, securities in the Company.

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