Pershing Square Holdings, Ltd. Provides Annual Investor Update and Releases Regular Weekly Net Asset Value as of 27 January 2015

Regulatory News:

AMSTERDAM–(BUSINESS WIRE)– Pershing Square Holdings, Ltd. (ticker: PSH:NA) posted today its Annual Investor Update on its website, www.pershingsquareholdings.com.

Pershing Square Holdings also released its regular weekly Net Asset Value (NAV) on its website. The NAV was computed as of the close of business on Tuesday, 27 January 2015.

PSH NAV per share as of close of business on 27 January 2015 was USD26.61.

Weekly net asset value is calculated at the close of business on each Tuesday and posted on the following Thursday. In the event that Tuesday is not a business day, PSH will calculate the close-of-business NAV as of the business day immediately preceding that Tuesday. In the event that Thursday is not a business day, any such NAV will be posted the next business day following that Thursday.

About Pershing Square Holdings, Ltd.

Pershing Square Holdings, Ltd. is a concentrated, research-intensive, fundamental value investor in the public markets.