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Wednesday 25 July, 2007

Tremont MasterStrat

Issue of New Series

Tremont Master Strategies Trust
25 July 2007

                          STOCK EXCHANGE ANNOUNCEMENT





For Immediate Release
                      25 July, 2007





                        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-funds of the Trust.



Tremont Emerging Markets Fund

Strategy Investor Distributor A2 USD Class Series 02-Jul-07, issued on 2 July
2007 at the initial offer price of €1000.



Tremont Trading Fund

Strategy Investor A1 USD Class Series 01-Jul-07, issued on 1 July 2007 at the
initial offer price of €1000.





The new series of shares will be admitted to the Official List of the Irish
Stock Exchange with effect from 26July, 2007.





Enquiries:



BISYS Hedge Fund Services (Ireland) Limited
              Mr. Conor Moore


                         Telephone: +353 1 436 7200



J & E Davy
                                  Mrs. Niamh Byrne


                        Telephone: + 353 1 614 8933





This announcement has been issued through the Companies Announcement Service of

                           The Irish Stock Exchange.






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