Notification and Public Disclosure of Transactions

Notification and Public Disclosure of Transactions

Pershing Square Holdings, Ltd.

Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) (NA:PSH) notes that the information set out below is provided in accordance with the requirements of Article 19(3) of the Market Abuse Regulation (EU) No 596/2014 as it forms part of UK law by virtue of the European Union (Withdrawal) Act 2018.

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	William A. Ackman
2.	Reason for the notification
a)	Position / status	CEO of investment manager to issuer
b)	Initial notification / amendment	Initial
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Pershing Square Holdings, Ltd.
b)	LEI	U7LC4KOKCTZ0YWGI2G56
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Public Shares (Shares A)
	Identification code (ISIN)	GG00BPFJTF46
b)	Nature of the transaction	Disposition by way of contribution to WAFH LLC
c)	Price(s) and volume(s)		Price(s)	Volume(s)
		1.	NA	31,376,889
		2.	NA	10,000,000
d)	Aggregate information: - Aggregated volume - Price		Volume (aggregate)	Price (aggregate)
		1.	31,376,889	NA
		2.	10,000,000	NA
e)	Date of transaction	1. 9 February 2022
		2. 14 February 2022
f)	Place of the transaction	1. Outside a trading venue (OTC)
		2. Outside a trading venue (OTC)
Remarks: William A. Ackman contributed 31,376,889 Public Shares to WAFH LLC, which he wholly owns, and 10,000,000 Public Shares to WAFH II LLC, which he wholly owns.