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Pershing Square Holdings Ltd

Transaction in Own Shares Aug 21, 2020

6183_iss_2020-08-20_ea693af4-fae0-4283-80d0-c0d7745e7117.pdf

Transaction in Own Shares

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Pershing Square Holdings, Ltd. Announces Transactions in Own Shares

London, 20 August 2020 //‐ Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) (NA:PSH) ("PSH") today announced that it has purchased, through PSH's agent, Jefferies International Limited ("Jefferies"), the following number of PSH's Public Shares of no par value (ISIN Code: GG00BPFJTF46) (the "Shares"):

Trading
Venue:
London
Stock
Exchange
Ticker: PSH
Date
of
Purchase:
20 August 2020
Number
of
Public
Shares
purchased:
26,520
Shares
Highest
Price
Paid
Per
Share:
1,948
pence
/
25.60
USD
Lowest
Price
Paid
Per
Share:
1,930
pence
/
25.36
USD
Average
Price
Paid
Per
Share:
1,938
pence
/
25.47
USD
Ticker: PSHD
Date
of
Purchase:
20 August 2020
Number
of
Public
Shares
purchased:
16,012
Shares
Highest
Price
Paid
Per
Share:
25.50
USD
Lowest
Price
Paid
Per
Share:
25.40
USD
Average
Price
Paid
Per
Share:
25.44
USD
Trading
Venue:
Euronext
Amsterdam
Ticker: PSH
Date
of
Purchase:
20 August 2020
Number
of
Public
Shares
purchased:
23,628
Shares
Highest
Price
Paid
Per
Share:
25.55
USD
Lowest
Price
Paid
Per
Share:
25.30
USD
Average
Price
Paid
Per
Share:
25.43
USD

PSH will hold these Public Shares in Treasury. The net asset value per Public Share related to this buyback is 37.82 USD / 28.56 GBP which was calculated as of 18 August 2020 (the "Relevant NAV"). After giving effect to the above buyback, PSH has 193,396,677 Public Shares outstanding, or 199,410,351 Public Shares calculated on a fully diluted basis (assuming that all Management Shares had been converted into Public Shares at the Relevant NAV). Excluded from the shares outstanding are 17,560,073 Public Shares held in Treasury. The prices per Public Share were calculated by Jefferies.

The number of PSH Management Shares and the one special voting share (held by PS Holdings Independent Voting Company Limited) have not been affected.

About Pershing Square Holdings, Ltd.

Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) (NA:PSH) is an investment holding company structured as a closed-ended fund that makes concentrated investments principally in North American companies.

Media Contact

Camarco

Ed Gascoigne-Pees / Hazel Stevenson +44 020 3757 4989, [email protected] Category: (PSH:ShareRepurchases)

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