WKOF Weiss Korea Opportunity Fund Ltd.

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.

(“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

FURTHER RE BOARD UPDATE

Since the Company’s 4 November 2024 update announcement, WKOF announces that its strategic review is making good progress with a number of credible options identified from third-party proposals received.  The Board anticipates that short-listed proposals will be discussed and assessed in detail in early January 2025 and meetings held with interested parties at the end of January 2025. A final recommendation will be made by the Board by the end of February 2025.  

The Board will continue to keep Shareholders informed of progress with a further market update expected no later than February 2025.

For further information, please contact: