GSDO Goldman D GBP

                  GOLDMAN SACHS DYNAMIC OPPORTUNITIES LIMITED
                  (IN VOLUNTARY LIQUIDATION) (THE "COMPANY")

2011 / 2010 Redemption Portfolios

At a general meeting of the Company held on 31 December 2012, shareholders
passed the proposals to wind-up the Company and Ashley Paxton and Linda Johnson
of KPMG Channel Islands Limited were appointed Liquidators.

2011 Redemption Portfolio: Second Payment of Redemption Monies

Further to the first redemption payment announced by the Company on 11 November
2011 of approximately 91 per cent. of the 30 September 2011 NAV, the
Liquidators announce their intention of making a second payment for Redeemed €
Shares and Redeemed US$ Shares under the 2011 redemption proposals (the "Second
Payment").

The Second Payment will be made on the basis of the outstanding NAV of such
Redeemed Shares as at 31 May 2013. Redeeming Shareholders will be paid
approximately 4 per cent. of the outstanding balance following the first
redemption payment announced on 11 November 2011. Following this payment,
cumulative payments will represent approximately 95 per cent. of the 30
September 2011 NAV attributable to such Shareholders.

U.S. Dollar realisation proceeds received by the Company will be converted into
the relevant currency of Redeemed Shares (as appropriate) using market exchange
rates as of 10 July 2013.

2010 Redemption Portfolio: Third Payment of Redemption Monies

Further to the first redemption payment announced by the Company on 9 November
2010 and the second redemption payment announced by the Company on 11 November
2011 of approximately 82 per cent. and approximately 10 per cent. of the 30
September 2010 NAV respectively (in total, approximately 92 per cent.), the
Liquidators announce their intention of making a third payment for Redeemed €
Shares and Redeemed US$ Shares under the 2010 redemption proposals (the "Third
Payment").

The Third Payment will be made on the basis of the outstanding NAV of such
Redeemed Shares as at 31 May 2013. Redeeming Shareholders will be paid
approximately 4 per cent. of the outstanding balance following the first
redemption payment announced on 9 November 2010 and the second redemption
payment announced on 11 November 2011. Following this payment, cumulative
payments will represent approximately 97 per cent. of the 30 September 2010 NAV
attributable to such Shareholders.

U.S. Dollar realisation proceeds received by the Company will be converted into
the relevant currency of Redeemed Shares (as appropriate) using market exchange
rates as of 10 July 2013.

Payment Mechanics

In each case, payments of redemption monies to Redeeming Shareholders are held
in certificated form (that is not in CREST) will be made by way of cheque
(drawn on a branch of a UK clearing bank) by post to the registered address of
the Redeeming Shareholder (or, in the case of joint holders, the holder whose
name appears first in the register of members) at the sole risk of that
Redeeming Shareholder.

Expected timetable for payments of Redemption Monies:

Conversion of USD to EUR for payments to EUR Shareholders: 10 July 2013

Settlement of Second Payment and Third Payment: 15 July 2013

Enquiries:

The Liquidators
Ashley Paxton and Linda Johnson
20 New Street
St Peter Port
Guernsey
GY1 4AN

Tel: 01481 721000
Fax: 01481 722373
restructuring@kpmg.guernsey.gg