Portsmouth Square, Inc.

a subsidiary of Santa Fe Financial Corporation

Portsmouth Square, Inc. is a California corporation, incorporated in 1967. Portsmouth is a public company that trades on the OTCBB under the symbol "PRSI", and is a consolidated subsidiary of The InterGroup Corporation and Santa Fe Financial Corporation.

Portsmouth principal business is conducted through its 93% limited partnership interest in Justice Investors LLP, a California limited partnership, in which Portsmouth serves and the managing general partner. Justice owns the Hilton San Francisco Financial District, a 543-room hotel located at 750 Kearny Street, San Francisco, CA 94108, including a five-level underground parking garage. Among Portsmouth's investments are holdings in Comstock Mining, Inc. (Amex: LODE) and an interest in unimproved land in Maui that is held for development and is owned jointly with InterGroup.

Intergroup Logo

In addition to Portsmouth Square's interest in the Hilton hotel in San Francisco, California including a five level underground parking garage, the Company has partial ownership of a two acre parcel of unimproved land located in Kihei, Mawi, Hawaii which is held for development.

Comstock Mining Logo

Portsmouth Square has an investment in the common stock of Comstock Mining, Inc.

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Portsmouth holds a general and limited partnership interest in the Hilton San Francisco Financial District, a 543 room hotel located at 750 Kearny Street, San Francisco, California 94108.