Regulatory News:

AMSTERDAM–(BUSINESS WIRE)– Pershing Square Holdings, Ltd. (ticker PSH:NA) released today its Annual Letter to shareholders. The letter may be found on the PSH website, www.pershingsquareholdings.com.

About Pershing Square Holdings, Ltd.

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