This is very rare UK first press.
Misprint:
On the l
abel side A shows misprint
in 'Sold in UK subject'-text with an extra dot stating 'Sold in .U.K. subject to resale
On both sides there are extra strokes near the P trademark
(
I marked this in the photos with red arrows) 

Black and yellow Parlophone label with "The Gramophone Co." along the perimeter and the inscription “Sold in the UK .....” below the logo.
Laminated gatefold envelope with flap facing up on the inside. Contains a single sided card insert (full color cut out images) and red halftone "psychedelic" insert.
This pressing is a variation that doesn't have space between "THE BEATLES" and MADE IN Gt. BRITAIN’ at the bottom of the label on both sides. This edition with KT code on side 2
Vinyl condition is EX. There are a few scuffs and "hairs" (after all, the vinyl is 57 years old!!) that do not affect the sound at all. And a very short crackling sound at the beginning of both sides, which stops when the track starts and doesn't appear again...
It's amazing how well this rarity has been preserved.
You can see everything in more detail in the photos.
It has never been in a smoky room.
A great gift for fans of the great band and, of course, collectors.

A description of this release can also be found in the Discogs catalog at the link
https://www.discogs.com/release/29630032-The-Beatles-Sgt-Peppers-Lonely-Hearts-Club-Band