Pershing Square Holdings, Ltd.: Notification an...

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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	Acquisition
c)	Price(s) and volume(s)		Price(s)	Volume(s)
		1.	NA	14,000,000
d)	Aggregate information: - Aggregated volume - Price		Volume (aggregate)	Price (aggregate)
		1.	14,000,000	NA
e)	Date of transaction	31 March 2021
f)	Place of the transaction	Outside a trading venue
Remarks: William A. Ackman received 14,000,000 Public Shares in a distribution from WAFH LLC, which he wholly owns.

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