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Thursday 24 April, 2008

Tremont MasterStrat

Cancellation of Listing

Tremont Master Strategies Trust
24 April 2008


For Immediate Release

24 April, 2008

Tremont Master Strategies Trust (the 'Trust')

Tremont Arbitrage Fund (the 'Fund')

Re: Cancellation of Listing of

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 C1 JPY Class
(B1R9Z89) of the Fund.

Application has been made for the relevant series to be removed from the
Official List of the Irish Stock Exchange and from trading on the Main Market of
the Exchange and the Irish Stock Exchange has agreed that the series will be
delisted with effect from 25 April, 2008.

Enquiries to;

Citi Hedge Fund Services (Ireland) Limited          Louis Phillips                   +353 1 436 7200

J & E Davy                                          Niamh Byrne                       +353 1 614 8933

This announcement has been issued through the Companies Announcement Service of

The Irish Stock Exchange

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