Dear Highbridge Investors

Author:
Publish date:

Sent: Wednesday, December 03, 2008 2:35 PM
To: Investors in Highbridge Capital Corporation
Subject: Highbridge Capital Corporation Month-End Performance

Dear Investor:
For the month ended November 30, 2008 Highbridge Capital Corporation's
New Issue Restricted share classes posted an estimated net return of
-2.98%, bringing their year-to-date net return to -28.02%.
Yours truly,
HIGHBRIDGE CAPITAL CORPORATION
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

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Additionally:

Sent: Wednesday, December 03, 2008 12:56 PM
To: Investors in Highbridge Convertible Arbitrage Fund
Subject: Highbridge Convertible Arbitrage Fund, Ltd. Month-End
Performance
Dear Investor:
Highbridge Convertible Arbitrage Fund, Ltd.'s November month-end net
asset value per share is estimated at US$588.29.
This represents a month-to-date net decrease of -9.44% from the final
October 31, 2008 net asset value per share of US$649.64 and a
year-to-date net return of -43.66%.
Yours truly,
Highbridge Convertible Arbitrage Fund, Ltd.
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.

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