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Wednesday 01 August, 2007

Tremont MasterStrat

Controlling Unitholder

Tremont Master Strategies Trust
01 August 2007


For Immediate Release
                            1 August, 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 30
June, 2007, Charles Frederic & Co for Eternity Fund (For Qualified Institutional
Investors Only) held an interest of 1,650,000 units in the Strategy Investor C1
JPY Class in the Fund, representing 51.9483% of the issued share capital of the


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

J&E Davy                                             Eoin Mackessy                           +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                                                                                                                            

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