Effective October 1, 2009, Santa Fe Financial Corp., InterGroup Corp. and Portsmouth Square Inc. relocated their principal executive offices from 820 Moraga Drive, Los Angeles, CA 90049 to 10940 Wilshire Blvd., Suite 2150, Los Angeles, CA 20024. The company believes that the Wilshire office is better suited for the company's needs and will result in savings of administrative costs. The company's general telephone number of 310-889-2500 and its general fax number of 310-889-2525 will remain the same.

On 09/28/2009, Portsmouth Square Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.

Portsmouth Square Inc., Annual General Meeting, Feb 19, 2009, at 11:00 Pacific Daylight. Location: Hilton San Francisco Financial District, 750 Kearny Street, San Francisco, CA 94108, United States. Agenda: To elect five Directors to serve until the next Annual Meeting or until their successors have been duly elected and qualified; to ratify the Audit Committee's appointment of Burr, Pilger & Mayer LLP as the company's independent registered public accounting firm for the fiscal year ending June 30, 2009; and to consider and act upon any other matters that may properly come before the meeting or any adjournments thereof.