Pershing Square Holdings Ltd

Fund Information / Factsheet • Nov 2, 2017

Pershing Square Holdings, Ltd. Releases Monthly Net Asset Value and Performance Report for October 2017

AMSTERDAM--Pershing Square Holdings, Ltd. (LN:PSH) (NA:PSH) today released the following regular monthly Net Asset Value (NAV) and Performance Report for the month of October 2017. The information has also been posted to the PSH website, www.pershingsquareholdings.com. Monthly net asset value and performance are calculated at the close of business on the last business day of the month.

PERSHING SQUARE CAPITAL MANAGEMENT, L.P.

PERSHING SQUARE HOLDINGS, LTD.

Portfolio Update

October 31, 2017

Summary Results (1)			Number of Positions (2)
	October	YTD 2017
Gross Performance	% 2.9	% $-2.1$	Long
Net Performance	% 2.7	% $-3.3$	Short
NAV/Share (in USD)	\$17.55		Total	10
NAV/Share (in GBP)	£13.21

Equity & Debt Exposure Composition By Market Cap (3)(4)			Portfolio Composition by Sector (5)
	Net Portfolio		Long Short
Large Cap	99%	103%	$-4%$	Business Services	Industrials/Chemicals
Mid Cap	4%	4%	$0\%$	Consumer Products	RE Corp.
Small Cap	$0\%$	$0\%$	0%	Financials	Restaurant
Total	103%	107%	-4%

Note: Large Cap >= \$5b; Mid Cap >= \$1b; Small Cap < \$1b

Assets Under Management	Notional Credit Default Swap Exposure
Pershing Square Holdings, Ltd. AUM (6)	\$4.320.5M	Single Name & Sovereign CDS	\$ 0.0M
Total Strategy AUM (7)	\$8.917.9M
Total Firm AUM (8)	\$9.415.1M	Total CDS	0.0M

About Pershing Square Holdings, Ltd.

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

Contacts

MEDIA Maitland James Devas, +44 20 7379 5151 Media-pershingsquareholdings@maitland.co.uk