Pershing Square Holdings, Ltd. Announces Transactions in Own Shares - Pershing Square Holdings, Ltd.

7 April 2020 4:07 PM EDT

Pershing Square Holdings, Ltd. Announces Transactions in Own Shares

LONDON–(BUSINESS WIRE)– Regulatory News:

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:	7 April 2020
Number of Public Shares purchased:	168 Shares
Highest Price Paid Per Share:	1,488 pence / 18.34 USD
Lowest Price Paid Per Share:	1,488 pence / 18.34 USD
Average Price Paid Per Share:	1,488 pence / 18.34 USD

Trading Venue:	Euronext Amsterdam
Ticker:	PSH
Date of Purchase:	7 April 2020
Number of Public Shares purchased:	1,155 Shares
Highest Price Paid Per Share:	18.40 USD
Lowest Price Paid Per Share:	18.40 USD
Average Price Paid Per Share:	18.40 USD

PSH will hold these Public Shares in Treasury. The net asset value per Public Share related to this buyback is 27.72 USD / 22.32 GBP which was calculated as of 31 March 2020 (the “Relevant NAV”). After giving effect to the above buyback, PSH has 200,135,008 Public Shares outstanding, or 205,844,259 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 10,821,742 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.

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