Tremont Capital Opportunity Trust of Canada Confirms Final Distribution Amounts

    TORONTO, Aug. 17 /CNW/ - Tremont Capital Management, Corp., a
New Brunswick company, announced today that further to a special meeting of
unitholders of Tremont Capital Opportunity Trust (the "Trust") held on
March 29, 2007, where the Trust's proposal for its early termination was
approved by the unitholders, the Trust will complete its final day of trading
on the Toronto Stock Exchange on August 20, 2007, and, accordingly, will no
longer be listed on the TSX as of such date.
    On the planned dissolution of the Trust, all outstanding units will be
redeemed and all trust property remaining after paying or providing for all
liabilities and obligations of the Trust, including all costs associated with
the wind-up of the Trust and the fees and expenses incurred to settle the
Trust's forward agreement, will be distributed pro rata among the unitholders.
The calculated payment will be $10.8702 per unit, totaling $10,491,736.03 in
the aggregate, payable on August 24, 2007.

    Tremont Capital Management, Corp., acting as trustee, is the
Toronto-based affiliate of Tremont Group Holdings, Inc., whose fund of hedge
fund-managed assets total U.S. $5.1 billion worldwide.

    Tremont Capital Management, Corp. is the Canadian subsidiary of Tremont
Group Holdings, Inc. Formed in 1998, Tremont Capital Management, Corp.
provides fund of hedge fund investment management and advisory services to the
Canadian marketplace.

For further information:

For further information: Tremont Capital Management, Corp., 141 Adelaide
Street West, Suite 1661, Toronto, ON, M5H 3L5, (416) 360-3395,; News media contact: Montieth M. Illingworth, (914) 533-5086,

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