GoldmanSachs Glbl II - Circular to Shareholders

RNS Number:8548L
Goldman Sachs Glob. Tact. Trad. II
15 January 2008

January 15, 2008

Dear Investor,

The purpose of this circular (the "Circular") is to notify you of the result of
the Extraordinary General Meeting ("EGM") of the Shareholders of Goldman Sachs
Global Tactical Trading II plc (the "Company") held on January 14, 2008 and to
inform you of certain changes, effective April 1, 2008, being made to the
Company.

Defined terms that are used and not otherwise defined herein shall have the
meaning ascribed to them in the Prospectus for the Company dated October 6,
2006, as may be amended from time to time (the "Prospectus").

The proposals considered at the EGM on January 14, 2008 were approved and will
therefore be implemented.

As of April 1, 2008, the limit on allocations by the Company to any single
Advisor will be increased from 25% of gross assets to 40% of gross assets
(provided however, the Company will not invest more than 40% of its net assets
in any one Portfolio Fund or Portfolio Company). Subject to these limitations,
the Investment Manager, in its sole discretion, may determine from time to time
the percentage of Company assets allocated to any single Advisor based on
factors such as the amount of the Company's assets under management, the
availability of attractive opportunities, and other portfolio construction
considerations. As described in the Prospectus, greater concentration with any
single Advisor or in any single hedge fund sector may entail additional risks.

In addition, the written notice remitted by any Shareholder wishing to redeem
all or any portion of its Shares will have to be received, as from April 1,
2008, by the Company or its delegate at least 62 days prior to the relevant
Redemption Date (instead of 45 days currently).

The Company is preparing an updated Prospectus that will incorporate the changes
described above and in the circular dated December 21, 2007, and provide further
disclosure in respect of the activities of the Company. The updated Prospectus,
which will be available upon request once it is noted by the Irish Financial
Services Regulatory Authority, will take effect, and will govern your investment
in the Company, beginning April 1, 2008.

If you desire, you may redeem your shares in the Company before the changes to
the Company's investment program set forth above take effect. Should you wish to
exercise this right, you may do so on the Company's redemption date falling on
April 1, 2008, by providing written notice to the Company on or before February
14, 2008. If you do not provide a redemption request on or before February 14,
2008, you will be deemed to have consented to the changes set forth above.

Please do not hesitate to contact your Goldman Sachs Professional should you
have any questions. We appreciate your continued investment in the Company.

Sincerely,

Goldman Sachs Hedge Fund Strategies LLC

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
END

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