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Friday 04 May, 2007

Tremont MasterStrat

Cancellation of Listing

Tremont Master Strategies Trust
04 May 2007

STOCK EXCHANGE ANNOUNCEMENT



For Immediate Release
                                 4 May, 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 USD Class
- Series 01-Oct-06 of the Tremont Arbitrage Fund and the Strategy Investor A1
USD Class - Series 01-Oct-06 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 9 May 2007.





Enquiries to;


BISYS 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.




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