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 Liquidators' announcement on 5 July 2013, the Second Payment of
Redeemed € Shares and Redeemed US$ Shares under the 2011 redemption proposals
will be as follows:

Share Class Redemption Payment per Share

US$ Shares US$ 1.4923

EUR Shares EUR 1.1233

Payment will be on 15 July 2013 and represents a further approximately 4 per
cent. of the 30 September 2011 NAV attributable to such Shareholders. Following
this payment, cumulative payments will represent approximately 95 per cent. of
the 30 September 2011 NAV attributable to such Shareholders.

2010 Redemption Portfolio: Third Payment of Redemption Monies

Further to the Liquidators' announcement on 5 July 2013, the Third Payment of
Redeemed € Shares and Redeemed US$ Shares under the 2010 redemption proposals
will be as follows:

Share Class Redemption Payment per Share

US$ Shares US$ 1.6952

EUR Shares EUR 1.2759

Payment will be on 15 July 2013 and represents a further approximately 4 per
cent. of the 30 September 2010 NAV attributable to such Shareholders. Following
this payment, cumulative payments will represent approximately 97 per cent. of
the 30 September 2010 NAV attributable to such Shareholders.

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.

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