LL&E Royalty Trust Watch

from SC 13D ~20 pages LL&E Royalty Trust Sc 13d Exhibit 2 - R. Robotti 10/20/2008

from SC 13D 1 page October 17, 2008 LL&E Royalty Trust the Bank of New York Mellon Trust Company, N.A., Trustee Global Corporate Trust Attn: Mr. Mike Ulrich — Vice President 919 Congress Avenue Austin, Texas 78701 Dear Mr. Ulrich: Kleinheinz Capital Partners, Inc. (“Kcp”), an Investment Firm Based in Fort Worth, Texas, Currently Controls Over 1.5 Million Units of LL&E Royalty Trust (“LL&E”). This Makes Kcp the Largest Unit Holder of LL&E With Over 8% of the Units Outstanding