Tremont MasterStrat

Issue of New Series

Tremont Master Strategies Trust
06 March 2007

                          STOCK EXCHANGE ANNOUNCEMENT

                                 5 March, 2007

                        Tremont Master Strategies Trust

                            Re:  Issue of new series

The Directors of Tremont Master Strategies Trust wish to announce the issue of
the new series of Shares in the following sub-fund, Tremont Emerging Markets

Tremont Emerging Markets Fund -

Strategy Investor (Distributor) A2 USD Class Series 01-Feb-07 was issued on 1
February 2007 at the initial offer price of $1,000.

Strategy Investor (Distributor) A2 USD Class Series 01-Mar-07 was issued on 1
March 2007 at the initial offer price of $1,000.

The new series of shares will be admitted to the Official List of the Irish
Stock Exchange with effect from 6 March, 2007.


BISYS Hedge Fund Services (Ireland) Limited
           Ms. Catherine Griffin

                         Telephone: +353 1 436 7200

J & E Davy
                                     Mr. Jamie Burke

                        Telephone: + 353 1 614 8933

This announcement has been issued through the Companies Announcement Service of

                           the Irish Stock Exchange.

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