REG-Weiss Korea Opportunity Fund: Compulsory Redemption of Shares

Weiss Korea Opportunity FundAnnouncement

23/09/2025 07:05

23 September 2025

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 in conjunction with
the publication of its Interim Report for the 6 months ended 30 June 2025,
that it intends to return approximately GBP35,000,000 by way of a further
compulsory redemption of Shares (the "Second Redemption") after close of
business on 7 October 2025 (the "Redemption Date"). The Second Redemption will
be effected at a price per Share equal to the prevailing Net Asset Value per
Share as at the Redemption Date. The Second Redemption follows the Company’s
first compulsory redemption completed in July 2025 which returned GBP70
million to Shareholders.

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 26,334,015 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 162.06 pence per Share, a holder of
100,000 Shares would have 82,011 Shares redeemed, and receive GBP132,907 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 21 October 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superseded by new share certificates for the balance of the relevant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 sale or transfer
by the Company.

The Shares will be disabled in CREST after close of business on the Redemption
Date and the existing ISIN number, GG00BT26K977, (the "Old ISIN") will expire.

The new ISIN number, GG00BVN74803, (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 8 October 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 Second 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 the Second Redemption

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

 Redemption Record Date                                                                                        Close of business on 7 October 2025        
 Redemption Date and expiry of Old ISIN                                                                        After close of business on 7 October 2025  
 Announcement of completion of the Second Redemption, redemption price and total voting rights                 8 October 2025                             
 Redemption Ex Date                                                                                            8 October 2025                             
 New ISIN enabled                                                                                              8 October 2025                             
 Cheques in respect of redemption monies and new share certificates to be posted to certificated Shareholders  21 October 2025                            
 CREST Accounts credited in respect of redemption monies to be paid to uncertificated shareholders             21 October 2025                            

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,
unless the context indicates otherwise

 New ISIN  GG00BVN74803  
 SEDOL     BVN7480       
 TIDM      WKOF          

For further information, please contact:

 Weiss Asset Management LP (Investment Manager) Andrew DalyEric RuizRachel Lehman                                                                                                        +1 (617) 778-7780                    
                                                                                                                                                                                                                              
 Singer Capital Markets Advisory LLPJames Maxwell, James Fischer, Anthony Debson, Samed Ethemi (Corporate Finance) Alan Geeves, James Waterlow, Sam Greatrex (Sales)                 +44 (0) 20 7496 3000                     
 Northern Trust International Fund Administration services (guernsey) Limited                                                                                                         +44 (0) 1481 745001                     
 Company Secretary                                                                                                                                                                                                            
                                                                                                                                                                                                                              

A copy of this announcement will be available on the Company's website at 
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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