I have modified the earlier solution to your needs.
You need to change following line
$wpse0001_excerpt = substr( $wpse0001_excerpt, 0, strpos( $wpse0001_excerpt, '</p>' ) + 4 );
to this
$wpse0001_excerpt = explode('</p>', $wpse0001_excerpt, 3);
// unset the rest of the contents
if(isset($wpse0001_excerpt[3])) unset($wpse0001_excerpt[3]);
// append </p> to the end of last paragraph
if(isset($wpse0001_excerpt[2])) $wpse0001_excerpt[1] .= '</p>';
// combine all the paragraphs with appending the ending tag.
$wpse0001_excerpt = implode('</p>', $wpse0001_excerpt);
Reproducing the whole solution here.
<?php
if ( ! function_exists( 'wpse0001_custom_wp_trim_excerpt' ) ) :
function wpse0001_custom_wp_trim_excerpt($wpse0001_excerpt) {
global $post;
$raw_excerpt = $wpse0001_excerpt;
if ( '' == $wpse0001_excerpt ) {
$wpse0001_excerpt = get_the_content('');
$wpse0001_excerpt = strip_shortcodes( $wpse0001_excerpt );
$wpse0001_excerpt = apply_filters('the_content', $wpse0001_excerpt);
$wpse0001_excerpt = explode('</p>', $wpse0001_excerpt, 3);
// unset the rest of the contents
if(isset($wpse0001_excerpt[3])) unset($wpse0001_excerpt[3]);
// append </p> to the end of last paragraph
if(isset($wpse0001_excerpt[2])) $wpse0001_excerpt[1] .= '</p>';
// combine all the paragraphs with appending the ending tag.
$wpse0001_excerpt = implode('</p>', $wpse0001_excerpt);
// $wpse0001_excerpt = substr( $wpse0001_excerpt, 0, strpos( $wpse0001_excerpt, '</p>', strpos( $wpse0001_excerpt, '</p>' ) + 4 ) + 4);
$wpse0001_excerpt = str_replace(']]>', ']]>', $wpse0001_excerpt);
$excerpt_end = ' <a href="'. esc_url( get_permalink() ) . '">' . ' » ' . sprintf(__( 'Read more about: %s »', 'pietergoosen' ), get_the_title()) . '</a>';
$excerpt_more = apply_filters('excerpt_more', ' ' . $excerpt_end);
//$pos = strrpos($wpse0001_excerpt, '</');
//if ($pos !== false)
// Inside last HTML tag
//$wpse0001_excerpt = substr_replace($wpse0001_excerpt, $excerpt_end, $pos, 0);
//else
// After the content
$wpse0001_excerpt .= $excerpt_end;
return $wpse0001_excerpt;
}
return apply_filters('wpse0001_custom_wp_trim_excerpt', $wpse0001_excerpt, $raw_excerpt);
}
endif;
remove_filter('get_the_excerpt', 'wp_trim_excerpt');
add_filter('get_the_excerpt', 'wpse0001_custom_wp_trim_excerpt');
Note: Its not been tested.