WEISS KOREA OPPORTUNITY FUND - Update re Hyundai Motor Company

Weiss Korea Opportunity Fund Ltd.

(the "Company")

Update re Hyundai Motor Company

Following the announcement on 18 September 2014 that a consortium led by
Hyundai Motor Company will pay KRW 10.55 trillion (GBP 6.2 billion) for the
acquisition of land in Seoul (Hyundai Motor Company's share will be 55% of the
total amount) for its new headquarters, the market prices of Hyundai preferred
shares have fallen as follows:

Currency:     As at         As at        As at        % change     % change
KRW           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       -17.87
Company,
1stPfd

Hyundai Motor 157,000       157,500      126,000      -19.75       -20.00
Company,
2ndPfd

Hyundai Motor 146,000       141,000      116,000      -20.55       -17.73
Company,
3rdPfd

Source: Bloomberg

As at 29 August 2014, being the date of the Company's last Monthly Factsheet
(as announced on 5 September 2014),  Hyundai Motor Company, 1stPfd, Hyundai
Motor 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 Singer

James Maxwell / Nick Donovan - Nominated Adviser
[phone]

James Waterlow - Sales
[e-mail]

Northern Trust International Fund Administration Services (Guernsey) Limited
Cara De La Mare
[phone]

Website: www.weisskoreaopportunityfund.com