From: US GIO To: Undisclosed recipients:; Subject: J.P. Morgan Pershing Square Holdings, Ltd. - Prospective Investor Call & Webinar - October 5, 2012, 11:00am NY / 4:00pm London Date: Mon, 24 Sep 2012 16:49:07 +0000 Attachments: PSH_Prospective_Investor_Call_Invite_2012.10.05-pdizip J.P. Morgan invites you to participate in a prospective investor conference call for Pershing Square Holdings, Ltd. Pershing Square Capital Management, L.P. ("Pershing Square" or the "Firm") is an investment management firm with approximately $10.2 billion under management, as of July 2012. Founded in 2003 by William A. Ackman, Pershing Square is a fundamental, research-intensive value investor that seeks to realize value from its investments through an activist approach. Pershing Square conducts in-depth due diligence seeking to identify companies with large discrepancies between their security prices and intrinsic values, and it seeks to identify catalysts to effectuate corporate change at those companies. Pershing Square is creating a new offshore (Guernsey-registered) fund, Pershing Square Holdings, Ltd. ("PSH"), that will implement the same strategy as its existing funds with the aim of publicly listing the vehicle, giving the firm a permanent capital base. The new fund structure may allow for longer-term constructive relationships with target companies and increases Pershing Square's flexibility. Please join us for an update on Pershing Square and a discussion around a new permanent capital vehicle, PSH. Featuring William Ackman CEO and Portfolio Manager Date: Friday, October 5, 2012 Time: 11:00am NY/4:00pm London Call-in Numbers: Within the U.S.: 866-256-4684 Outside the U.S.: +1-706-634-5299 Hong Kong: 800-966-253 Singapore: 800-101-1512 Passcode: PSH To view the slides associated with this presentation, copy and paste the following URL into your internet browser: https://jpmorganconferencecall.webex.com Event password: psh EFTA01181454