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Wednesday 14 March, 2007

Tremont MasterStrat

Controlling Unitholder

Tremont Master Strategies Trust
14 March 2007

STOCK EXCHANGE ANNOUNCEMENT



For Immediate Release
                           14 March  2007



Tremont Master Strategies Trust (the 'Trust')

                      Tremont Arbitrage Fund (the 'Fund')



                           Re: Controlling Unitholder



The Directors of the Manager of the above Trust wish to announce as at the 31st
of January 2007, Charles, Frederic & Co. held an interest of 1,650,000 units in
the Strategy Investor C1 JPY Class in the Fund, representing 43.12% of the
issued share capital of the Fund.





Enquiries


BISYS Hedge Fund Services (Ireland)                    Conor Moore                           +353 1 436 7200
Limited

J&E Davy                                               Jamie Burke                           +353 1 614 8933























STOCK EXCHANGE ANNOUNCEMENT



For Immediate Release
                           14 March  2007



Tremont Master Strategies Trust (the 'Trust')

                        Tremont Equity Fund (the 'Fund')



                           Re: Controlling Unitholder



The Directors of the Manager of the above Trust wish to announce as at the 31st
of January 2007, there were no longer any controlling unitholders in the Fund.



Enquiries


BISYS Hedge Fund Services (Ireland)                   Conor Moore                           +353 1 436 7200
Limited

J&E Davy                                              Jamie Burke                           +353 1 614 8933























STOCK EXCHANGE ANNOUNCEMENT



For Immediate Release
                           14 March  2007



Tremont Master Strategies Trust (the 'Trust')

                     Tremont Global Macro Fund (the 'Fund')



                           Re: Controlling Unitholder



The Directors of the Manager of the above Trust wish to announce as at the 31st
of January 2007, Tremont Bermuda Ltd held an interest of 3,656.581 shares in the
listed Strategy Investor A1 USD Class and 6,400.666 shares in non-listed Client
B USD Class in the Fund, representing 78.43%% of the issued share capital of the
Fund.





Enquiries


BISYS Hedge Fund Services (Ireland)                   Conor Moore                           +353 1 436 7200
Limited

J&E Davy                                              Jamie Burke                           +353 1 614 8933

















This announcement has been issued through the Companies Announcement Service of

                           The Irish Stock Exchange.










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