Introduction   Investment Performance   Quarterly Letter   Professionals   Contact Us     Wall Street Transcript Interviews   Disclosure	Investment Performance Knightsbridge Opportunistic Equity, After Fees Through September 30th, 2008 Year Knightsbridge Equity Accounts Knightsbridge Balanced Accounts S&P 500 Index Total Return Citi US Corporate & Government (Total Return 5-7 Years) YTD 2008 -10.4% -10.1% -19.3% 0.2% 2007 .3% 2.8% 5.5% 7.5% 2006 15.6% 11.1% 15.8% 4.2% 2005 8.3% 6.7% 4.9% 1.6% 2004 27.0% 17.7% 10.9% 3.1% 2003 41.4% 21.2% 28.7% 4.6% 2002 -11.5% -1.1% -22.1% 9.5% 2001 -8.1% -0.8% -11.9% 9.0% 2000 9.9% 8.7% -9.1% 10.1% 1999 16.7% 12.0% 21.0% 0.5% 1998 17.3% 12.5% 28.5% 8.4% Annualized :  1/1/98 through  12/31/07   10.7%   8.8%  5.9%    5.8%

Knightsbridge Asset Management, LLC

660 Newport Center Drive, Suite 460        Newport Beach, CA 92660

Phone: (949) 644-4444       Fax: (949) 717-5030       E-mail: knightsbridge@knightsb.com