Pershing Square will host a webcast to discuss Target

Pershing Square Capital will host a teleconference and webcast on Wednesday November 19th at 11am EST during which it will present a revised potential transaction for Target Corporation. The revised transaction addresses each of the concerns raised by the Company in response to Pershing Square's October 29th presentation, and incorporates feedback from shareholders, bondholders, and other market participants.

A live audio broadcast of the presentation will also be available by teleconference. The call can be accessed in the United States by dialing 1-888-674-0219 (internationally by dialing 201-604-0489), with the participant access code of "Pershing Square".

Written materials describing the potential transaction will be made available at www.visualwebcaster.com/pstgt following the presentation.