This disclaimer is issued in connection with the websites www.factsaboutherbalife.com and www.herbalifepyramidscheme.com (collectively, the “Website”) maintained by Pershing Square Capital Management, L.P. (“Pershing Square”), an investment adviser to funds that are in the business of actively buying and selling securities and other financial instruments.
Pershing Square currently maintains a substantial short position in the common stock of Herbalife Ltd. (“Herbalife”). Pershing Square will profit if the trading price declines for common shares of Herbalife and will lose money if the trading price increases for common shares of Herbalife.
Pershing Square may change its views about or its investment positions in Herbalife at any time, for any reason or no reason. Pershing Square may buy, sell, cover or otherwise change the form or substance of any of its investments related to Herbalife at any time. Pershing Square disclaims any obligation to notify the market or any other party of any such changes.
The information and opinions contained in the Website are based on publicly available information about Herbalife and other companies and persons. Pershing Square recognizes that there may be non-public information in the possession of Herbalife or others that could lead Herbalife or others to disagree with Pershing Square’s analyses and conclusions.
The Website includes forward-looking statements, estimates, projections and opinions prepared with respect to, among other things, certain legal and regulatory issues Herbalife faces and the potential impact of those issues on its future business, financial condition and results of operations, as well as, more generally, Herbalife’s anticipated operating performance, access to capital markets, market conditions, assets and liabilities. Such statements, estimates, projections and opinions may prove to be substantially inaccurate and are inherently subject to significant risks and uncertainties beyond Pershing Square’s control.
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