STOCK EXCHANGE ANNOUNCEMENT

For Immediate Release                          06 October, 2008

Tremont Master Strategies Trust

Re: Issue of new series

The Directors of Tremont Master Strategies Trust (the 'Trust') wish to announce the issue of the new series of Shares in the following sub-fund of the Trust.

Tremont Trading Fund

Strategy Investor A1 USD Class - Series 01-October-08, issued on 1 October 2008 at the initial offer price of $1,000.00

Tremont Global Macro Fund

Strategy Investor A1 USD Class - Series 01-October-08, issued on 1 October 2008 at the initial offer price of $1,000.00

The new series of shares will be admitted to the Official List of the Irish Stock Exchange and to trading on the Main Market of the Exchange with effect from  07 October, 2008

Enquiries:

Citi Hedge Fund Services (Ireland) Limited    Mr. Louis Phillips

    Telephone: +353 1 436 7200

J & E Davy    Ms. Niamh Byrne

    Telephone: + 353 1 614 8933

This announcement has been issued through the Companies Announcement Service of

The Irish Stock Exchange.

ENDISEUUGPGUUPRGUQ