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This excerpt taken from the TGT DEFA14A filed May 21, 2009. Concerning Ronald Gilson: We also believe that shareholders
should be troubled that Pershing Square chose to place its corporate governance
expert as its fifth nominee. If the Dissident was truly concerned with
addressing Targets board governance, it would seem prudent to put Mr. Gilson
as a primary nominee.
The RiskMetrics report ignores these very real issues.
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