News Releases

NEW YORK , November 16, 2009 – NYSE Regulation, Inc. (“NYSE Regulation”) announced today that it determined that the Units of Beneficial Interest (the “units”) of LL&E Royalty Trust (the "Trust") – ticker symbol LRT – should be suspended prior to the opening on Friday, November 20, 2009.    The Trust expects to be trading on the Pink Sheets under a symbol yet to be determined that same day.

The decision was reached in view of that fact that the Trust’s units had fallen below the New York Stock Exchange’s (“NYSE”) continued listing standard for average closing price of less than $1.00 over a consecutive 30 trading day period and the Trust failed to cure this non-compliance within the required timeframe. The Trust is also late on the filing with the Securities and Exchange Commission (“SEC”) of certain of its outstanding 2009 Form 10-Qs.

The Trust has a right to a review of this determination by a Committee of the Board of Directors of NYSE Regulation. Application to the SEC to delist the issue is pending the completion of applicable procedures, including any appeal by the Trust of the NYSE Regulation staff’s decision. The NYSE may, at any time, suspend a security if it believes that continued dealings in or listing of the security on the NYSE is not advisable.

Trust contacts:

Mike Ulrich

The Bank of New York Trust Company, N.A.

512.236.6599