Goldman Sachs Dyn - Estimated NAV 15 April 2008

RNS Number:5925S
Goldman Sachs Dynamic Opportunities
17 April 2008

WEEKLY NAV ESTIMATE

Goldman Sachs Dynamic Opportunities Limited (the "Company")

Estimated Net Asset Value and Performance Data*

As at the close of business on 15 April 2008, the estimated net asset value and
performance of the Company's shares are as follows:

Share class Net Asset WTD MTD YTD
Value performance performance performance
GBP Shares 114.77 pence 0.10% (0.10)% 0.10%
EUR Shares EUR 1.6311 0.09% (0.18)% (0.44)%
US$ Shares US$ 2.1039 0.06% (0.23)% (0.41)%

*IMPORTANT NOTES

1. Calculation of Net Asset Value

This estimated valuation of the Company's net asset value, which has been
prepared in good faith by the Company's administrator, is for information only.
Save as set forth below, it is determined based upon the latest available
valuations (or estimated valuations) provided, directly or indirectly, by the
investment managers ("Advisors") selected by the Company's investment manager
(the "Investment Manager"). The above estimates do not take into account
certain adjustments yet to be made in relation to performance fee calculations
following a repurchase or sale from treasury of the Company's stock.

2. Calculation of Performance Data

Set out above are the estimated week to date ("WTD"), estimated month to date
("MTD") and estimated calendar year to date ("YTD") performance figures. The WTD
performance figure is calculated by reference to the previously published
estimated NAV. The MTD performance figure is calculated by reference to the
previous month's estimated NAV as published or, if published, the previous
month's final NAV. The YTD performance figure is calculated by reference to the
NAV at the end of the last calendar year.

3. ERISA

The articles of association of the Company prohibit any purchase or acquisition
of shares by or on behalf of or for the benefit of an ERISA plan or benefit plan
investor subject to similar laws (a "Plan Investor"), and incorporate provisions
whereby purported purchases of shares by or on behalf of or for the benefit of
an ERISA plan or Plan Investor will not operate to confer any interest or rights
whatsoever in such shares in favour of an ERISA plan or Plan Investor, but
instead will take effect as a trust for redemption in favour of the Company and
the Company will subsequently purchase or redeem such shares, which purchase or
redemption may take place at an amount per share which is less than the price
paid by an ERISA plan or Plan Investor on the purported acquisition.

4. For the Attention of United States Residents

The shares may not be offered or sold within the United States or to, or for the
account or benefit of, US Persons (as defined in the Regulation S under the
Securities Act of 1933 or any person who would be considered a US person under
Rule 4.7 of the United States Commodity Exchange Act).

5. Investment Policy

In seeking to achieve its investment objective, the Company will (directly or
indirectly) allocate its assets to a relatively concentrated portfolio of
Advisors (or entities managed by them) selected by the Investment Manager. It is
expected that such Advisors will employ a broad range of alternative investment
strategies, which will include both core strategies (i.e., event driven,
tactical trading, equity long/short and relative value strategies) as well as
other niche strategies. There can be no assurance that the Company will achieve
its investment objective or that it will be able to implement its investment
policy, or that the portfolio design, risk monitoring and hedging strategies of
the Company will be successful.

6. Notes on Estimated Valuation

Certain securities or other assets in which the Advisors invest may not have a
readily ascertainable market price or may otherwise be difficult to value and
will be priced by the Advisors.

The Company may not have received valuations (or estimated valuations) from
Advisors on a timely or current basis, and may not have received valuations at
all. In order to arrive at the net asset value, the Company will generally use
the latest available valuations (or estimated valuations) provided, directly or
indirectly, by the Advisors. Valuations (or estimated valuations) received by
the Company may be unaudited or may be subject to little verification or other
due diligence and may not comply with generally accepted accounting practices or
other valuation principles.

In addition, neither the Company's administrator nor the Investment Manager will
generally have sufficient information to be able to independently confirm or
review the completeness, genuineness or accuracy of the Advisors' valuations (or
estimated valuations). In certain circumstances as set out in the Company's
prospectus, including if the Investment Manager determines, in its sole
discretion, that a valuation is inaccurate or incomplete, the Investment Manager
may, in its sole discretion, determine the fair value of the Company's interests
independently of the Advisor's valuations based on information available to, and
factors deemed relevant (at its sole discretion) by, the Investment Manager at
the time of such valuation. As stated in the prospectus, no reliance should be
placed on any weekly valuations.

Other risk factors which may be relevant to this estimated valuation are set out
in the Company's prospectus dated 7 July 2006.

As a result of these factors, the actual value of the Company's assets may be
materially different from this published estimated value. In the event that an
estimated valuation subsequently proves to be incorrect, no adjustment to a
previously published estimated valuation is expected to be made nor would
compensation be payable.

This information is provided by RNS
The company news service from the London Stock Exchange
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