Weiss Korea Opportunity Fund Ltd. commences share repurchases on May 3, 2017 under the program mandated by the shareholders in the Annual General Meeting held on July 27, 2016. As per the mandate, the company will repurchase up to 40% of its issued share capital. The minimum price which may be paid per ordinary share will be £0.10. The maximum price which may be paid for an ordinary share must not be higher than £10. The repurchase share may be held in treasury in accordance with the Law or be subsequently cancelled by the company. The share repurchase program will expire at the conclusion of the Annual General Meeting of the company to be held in 2017, or if earlier, after 15 months from the date of this resolution, unless such authority is renewed, varied or revoked prior to such time, the company may make a contract to purchase ordinary shares under the authority hereby conferred prior to the expiry of such authority which will or may be executed wholly or partly after the expiration of such authority and may make an acquisition of ordinary shares pursuant to any such contract. On August 5, 2016, the company has appointed N+1 Singer Advisory LLP to manage an irrevocable program during the closed period to repurchase ordinary shares within certain pre-set parameters. The program will run until the end of the closed period, being the date of publication of the company's Interim Report for the six months ended June 30, 2016, unless completed earlier. On March 24, 2017, the company has appointed N+1 Singer Advisory LLP to manage an irrevocable program during the closed period to repurchase ordinary shares within certain pre-set parameters. The program will run until the end of the closed period, being the date of publication of the company's accounts for the twelve months ended December 31, 2016, unless completed earlier. On August 4, 2017, the company has appointed N+1 Singer Advisory LLP to manage an irrevocable program during the closed period to repurchase ordinary shares within certain pre-set parameters. The program will run until the end of the closed period, being the date of publication of the company's accounts for the twelve months ended June 30, 2017, unless completed earlier. N+1 Singer Advisory LLP acted as the broker to the company.