Pershing Square Capital Management Announces Public Presentation on Target Corporation on Wednesday, October 29, 2008

NEW YORK--29 Oct--PRNewswire-AsiaNet/InfoQuest


Pershing Square Capital Management, L.P. announced today that it will host a public presentation on Wednesday, October 29, 2008 where it will detail a potential transaction that Pershing Square believes will build long-term value for Target Corporation (NYSE: TGT) and all of its stakeholders. All parties are

welcome to attend the presentation, which will be of particular interest to investors and analysts focused on retail, real estate, fixed income and credit.

Pershing Square is a long-term investor in Target. Since acquiring its initial stake in April 2007, Pershing Square has beneficially acquired slightly less than 10% of the company's outstanding common stock.

Target's thoughtful and constructive approach with shareholders has been instrumental to Pershing Square's work in developing a potential transaction. Pershing Square believes that the insights gained by sharing the potential transaction in a public forum will benefit Target and all of its stakeholders.The presentation will be based solely on publicly available information, as well as assumptions, estimates and projections of Pershing Square.

Due to limited available seating, attendees are encouraged to register in advance at www.visualwebcaster.com/pstgt, but may also do so at the event beginning at 12:30 PM.


Date: Wednesday, October 29, 2008

Time: Registration: 12:30 PM Presentation: 1:30 PM

Place: The AXA Equitable Auditorium

787 Seventh Avenue (between 51st and 52nd Streets)

New York, NY 10019

A live webcast of the presentation will be available at

www.visualwebcaster.com/pstgt .


A live audio broadcast of the presentation will be available by

teleconference. The teleconference can be accessed in the United States by
dialing 1-866-682-9100 (internationally by dialing +1-201-499-0417), with the
participant access code of 2629412.
Written materials describing the potential transaction will be made
available at www.visualwebcaster.com/pstgt following the presentation.

About Pershing Square Capital Management, L.P.

Pershing Square Capital Management, L.P., based in New York City, is a SEC

registered investment advisor to private investment funds. Pershing Square
manages funds that are in the business of trading - buying and selling -
securities and other financial instruments. Funds managed by Pershing Square
have long positions in stock, options and other financial instruments tied to
the performance of Target Corporation's stock. Pershing Square has and in the
future may increase, decrease, dispose of, or change the form of its investment
in Target Corporation for any or no reason.

CONTACT:

Jeremy Robinson-Leon

+1-212-784-5702 (O)

+1-978-621-2569 (C)

[email protected]

Julie Wood

+1-212-260-8813 (O)

+1-917-282-5840 (C)

[email protected]


SOURCE Pershing Square Capital Management, L.P.


CONTACT: Jeremy Robinson-Leon, +1-212-784-5702 (O), +1-978-621-2569 (C),

[email protected]; or Julie Wood, +1-212-260-8813 (O), +1-917-282-5840

(C), [email protected], both for Pershing Square Capital

Management, L.P.


Web site: http://www.visualwebcaster.com/pstgt


--Distributed by AsiaNet ( www.asianetnews.net )--

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