2019 Performance Review slide image

2019 Performance Review

PAH Share Price Performance Since Inception PAH's share price increased 14% year-to-date in 2019 through our last share sale on February 4, 2019 PAH share price performance from 5/16/2013 to 2/4/2019 $30 Share price $25 $20 $15 10/3/14: Pershing Square purchases 9.4mm additional PAH shares at $25.59 increasing average cost to $13.63 12/16/15: PAH appoints Rakesh Sachdev as new CEO 1/28/2019: PAH appoints Ben Gliklich as new CEO and changes its name to Element Solutions $10 5/17/13: Pershing Square purchases $5 25mm PAH shares at $10 8/24/17: PAH announces business separation 7/20/18: PAH announces sale of Arysta LifeScience subsidiary to UPL $0 May-2013 Jul-2014 Aug-2015 Oct-2016 Dec-2017 Note: The performance of PAH's share price is provided for illustrative purposes only and is not an indication of future returns of the Pershing Square funds. *Average cost at announcement date. Please see the additional disclaimers and notes to performance results at the end of the presentation. 59 Feb-2019 $12 $10*
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