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Monday 23 August, 2004

Tremont Opportunity

Issue of New Series - Replace

Tremont Opportunity Fund Limited
23 August 2004

The following replaces the announcement released today at 07.00 RNS No:
1984C. The currency for Class B - Series 6 should read GBP not USD as previously
stated. All other information remains unchanged.  The full amended text appears

                          STOCK EXCHANGE ANNOUNCEMENT

For Immediate Release                                            23 August, 2004

                        Tremont Opportunity Fund Limited

                           Re:  Issue of new series

The Directors of Tremont Opportunity Fund Limited (the 'Fund') wish to announce
the issue of a new series of Class A Shares and Class B Shares.

Class B - Series 6 issued on 1 July, 2004 at an initial offer price of

Class C-Series 3 was issued on 1 July, 2004 at an initial offer  price of

The new series of shares will be admitted to the Official List of the Irish
Stock Exchange with effect from today.


BISYS Hedge Fund Services (Bermuda)      Jeffrey Resnick      +001 441 295 9166
Davy Stockbrokers                        Heather Higgins      +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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