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Wednesday 26 March, 2008

Tremont MasterStrat

Termination of Fund

Tremont Master Strategies Trust
26 March 2008

                                     STOCK EXCHANGE ANNOUNCEMENTPRIVATE



For Immediate Release
                   26 March 2008





                           Tremont Master Strategies Trust (the 'Trust')



                        Tremont Japan Fund (the 'Fund')



                                                    Re: Termination of Fund



The Directors of the Manager of the Trust wish to announce that the Directors of
the Manager have determined to terminate the Fund with effect from 30 April
2008.



The Directors of the Manager will mandatorily redeem all of the remaining units
of the Fund on 30 April 2008. This does not effect in any way shareholders right
to redeem units in accordance with the redemption procedure set out in the
Prospectus.









Enquiries to:


Tremont Group Holdings Inc                         Jestine Diaz                +1 914 925 1166
J&E Davy                                           Amy Leonard                 +353 1 614 8933






This announcement has been issued through the Companies Announcement Service of

                           The Irish Stock Exchange.




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