PRESS
RELEASES

Pershing Square Press Releases:

November 7, 2017

Pershing Square Comments on Today’s ADP Election Results

November 3, 2017

Pershing Square Highlights 15 Irrefutable Facts about ADP’s Opportunity for Improvement

November 2, 2017

Pershing Square Responds to ADP’s Fiscal Year 2018 Q1 Results

November 1, 2017

Pershing Square to Hold Webcast Today at 10:00 AM EDT

November 1, 2017

Pershing Square Sends Letter to ADP’s Board

October 31, 2017

Pershing Square Releases Third in a Series of Videos for Shareholders

October 30, 2017

Pershing Square to Hold Webcast on November 1 at 10:00 AM EDT

October 30, 2017

Pershing Square Sends Letter to ISS

October 30, 2017

Pershing Square Demands that ADP Provide Supporting Details or Immediately Retract its Misleading Claim about its Plans to Improve its Operating Margins

Supporting Excel Spreadsheet

October 27, 2017

Pershing Square Publishes Letter to Shareholders; Releases Eighth Question for ADP; Reminds Investors the Only Way to Vote FOR Bill Ackman and The Nominees For ADP’s Transformation is to Vote on the GOLD Proxy Card or Voting Instruction Form

October 25, 2017

Proxy Advisory Firm ISS Recommends ADP Shareholders Elect Pershing Square’s Bill Ackman to ADP’s Board

October 24, 2017

Proxy Advisory Firm Egan-Jones Joins Glass Lewis In Recommending ADP Shareholders Vote FOR ALL Three of Pershing Square’s Nominees For ADP’s Transformation on the GOLD Proxy Card

October 23, 2017

Proxy Advisory Firm Glass Lewis Recommends ADP Shareholders Vote FOR ALL Three of Pershing Square’s Nominees For ADP’s Transformation on the GOLD Proxy Card

October 23, 2017

Pershing Square Releases Seventh Question for ADP

October 19, 2017

Pershing Square Releases Additional Questions for ADP

October 17, 2017

Pershing Square’s Nominees for ADP’s Transformation to Participate in a Fireside Chat

October 16, 2017

Pershing Square Highlights Independent Research Survey Results on ADP
83% of ADP’s Current Long Shareholders Surveyed Support Pershing Square’s Involvement in ADP

October 10, 2017

Pershing Square Releases Fourth in a Series of Questions for ADP
Reminds Shareholders about Live Webcast for ALL ADP Shareholders Tonight

October 5, 2017

Pershing Square Releases Third in a Series of Questions for ADP

October 2, 2017

Pershing Square Announces Live Webcast for ALL ADP Shareholders on October 10, 2017

September 28, 2017

Pershing Square Releases Letter to Shareholders

September 25, 2017

Pershing Square Releases Detailed Response to ADP’s September 12, 2017 Presentation

September 20, 2017

Pershing Square Releases Letter to Shareholders

September 13, 2017

Pershing Square Responds to ADP Presentation

September 8, 2017

Pershing Square Reminds Investors of the ADP Record Date for Voting at the 2017 Annual Meeting

September 7, 2017

Pershing Square Reminds Investors of the ADP Record Date for Voting at the 2017 Annual Meeting

September 6, 2017

Pershing Square Comments on Meeting with ADP Board

September 5, 2017

Pershing Square Files Definitive Proxy Materials for ADP 2017 Annual Meeting

August 21, 2017

Pershing Square Issues Statement Regarding ADP

August 18, 2017

Pershing Square Announces Replay of Webcast Available at www.dev-adp-ascending.pantheonsite.io

August 16, 2017

Pershing Square Announces Details for Webcast

August 7, 2017

Pershing Square Announces Nominees for Election to the Board of Directors of ADP

August 4, 2017

Pershing Square Announces Investment in ADP