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RNS Number : 0101S 
Goldman Sachs Dynamic Opportunities 
01 September 2010 
 

MONTHLY FINAL NAV 
 
Goldman Sachs Dynamic Opportunities Limited (the "Company") 
 
Net Asset Value and Performance Data* 
 
As at the close of business on 30 July 2010, the net asset value and performance 
of the Company's shares are as follows: 
 
+--------+--------+-------------+-------------+-------------+ 
| Share  |    Net |    WTD      |    MTD      |    YTD      | 
| Class  |  Asset |performance  |performance  |performance  | 
|        |  Value |             |             |             | 
+--------+--------+-------------+-------------+-------------+ 
| GBP    | 106.95 |   0.58 %    |   0.70 %    |   7.51 %    | 
| Shares |  pence |             |             |             | 
+--------+--------+-------------+-------------+-------------+ 
| EUR    |    EUR |   0.28 %    |  (5.26) %   |  10.81 %    | 
| Shares | 1.4782 |             |             |             | 
+--------+--------+-------------+-------------+-------------+ 
| US$    |    US$ |   0.62 %    |   0.79 %    |   0.65 %    | 
| Shares | 1.9863 |             |             |             | 
+--------+--------+-------------+-------------+-------------+ 
*IMPORTANT NOTES 
1.  Calculation of Net Asset Value 
This 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 Company's 
underlying investment managers ("Advisors"). 
Pursuant to the acceptances of the redemption proposals for the US$ Shares and 
EUR Shares, the net asset values (including the costs and expenses incurred by 
redeeming shareholders and assuming no currency hedging is undertaken) of the 
Company's redeemed shares are as follows: EUR Redeemed Shares      EUR 1.4728 
and US$ Redeemed Shares US$ 1.9785. 
2.  Calculation of Performance Data 
Set out above are the estimated week to date ("WTD"), final month to date 
("MTD") and final 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. 
As announced on 22 March 2010, the Company has reinstated the currency hedging 
arrangements in full for its GBP Shares only (through the use of rolling forward 
foreign exchange contracts) effective 30 March 2010.  Currency hedging will not 
be reinstated for the EUR Shares. 
As previously announced on 21 November 2008, the Company suspended the operation 
of its currency hedging arrangements.  As a result, the EUR Shares performance 
figures and the GBP YTD performance figure as set out above reflect currency 
movements for GBP and EUR respectively against the US$ as well as net 
performance of the underlying portfolio investments net of the Company's fees 
and expenses. Changes in the value of GBP and EUR against the US$ may result in 
significant differences between GBP Shares and EUR Shares performance figures 
when compared to those of the US$ Shares.  The US$ Share performance figures 
reflect the Company's underlying portfolio return net of the Company's fees and 
expenses. 
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 not be considered a Non-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 allocates its assets 
(directly or indirectly) to a relatively concentrated portfolio of Advisors (or 
entities managed by them) selected by the Company's investment manager (the 
"Investment Manager"). Such Advisors employ a broad range of alternative 
investment strategies within the event driven, tactical trading, equity 
long/short and relative value sectors. The Company seeks to make longer term 
core investments whilst also allocating more opportunistically to niche 
Advisors. 
There can be no assurance that the Company will achieve its investment objective 
or that it will be able to continue to implement its investment policy, or that 
the portfolio design, risk monitoring and hedging strategies of the Company will 
be successful. 
6.  Notes on Valuation 
Certain securities or other assets in which the Advisors invest may not be 
readily realisable or have a readily ascertainable market price or may otherwise 
be extremely 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.  Such estimates and valuations may not be considered 
"independent" or may be subject to potential conflicts of interest. Further such 
valuations may take no account of any limited rights, lock-ups or other 
restrictions attached to those investments. 
In addition, neither the Company's administrator nor its 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 dated 2 May 2008, 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. 
Other risk factors which may be relevant to this valuation are set out in the 
Company's prospectus dated 2 May 2008. 
As a result of these factors, the actual value of the Company's assets may be 
materially different from this published value.  In the event that a valuation 
subsequently proves to be incorrect, no adjustment to a previously published 
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 
   END 
 
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