Tremont MasterStrat

Cancellation of Listing

Tremont Master Strategies Trust
28 September 2007


For Immediate Release
                    28 September, 2007

                 Tremont Master Strategies Trust (the 'Trust')

                          Re: Cancellation of Listing

The Directors of the Manager of the above Trust wish to announce that they have
applied to the Irish Stock Exchange to delist the Strategy Investor A1 EUR Class
of the Tremont Trading Fund (the 'Shares').

Application has been made for the Shares to be removed from the Official List of
the Irish Stock Exchange and the Irish Stock Exchange has agreed that the Shares
will be delisted with effect from 1 October 2007.

Enquiries to;

Citi Hedge Fund Services (Ireland) Limited        Catherine Griffin                          +353 1 436 7200

J & E Davy                                        Aoife Colgan                               +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