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<!--Generated by Broadridge Transform (tm) - http://www.broadridge.com-->
<!--Created: Thu Aug 27 18:53:16 UTC 2026-->
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      <liveTestFlag>LIVE</liveTestFlag>
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        <issuerCredentials>
          <cik>0001623624</cik>
          <ccc>XXXXXXXX</ccc>
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      <periodOfReport>06/30/2026</periodOfReport>
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      <reportCalendarYear>2026</reportCalendarYear>
      <reportingPerson>
        <name>PSquared Asset Management AG</name>
        <phoneNumber>41 (0)43 5083760</phoneNumber>
        <address>
          <common:street1>DUFOURSTRASSE 43</common:street1>
          <common:city>ZURICH</common:city>
          <common:stateOrCountry>V8</common:stateOrCountry>
          <common:zipCode>8008</common:zipCode>
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        <reportType>INSTITUTIONAL MANAGER VOTING REPORT</reportType>
        <confidentialTreatment>N</confidentialTreatment>
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      <reportingCrdNumber>000172051</reportingCrdNumber>
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    <signaturePage>
      <reportingPerson>PSquared Asset Management AG</reportingPerson>
      <txSignature>Gary Penning</txSignature>
      <txPrintedSignature>Gary Penning</txPrintedSignature>
      <txTitle>Chief Operating Officer</txTitle>
      <txAsOfDate>08/27/2026</txAsOfDate>
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