Director/PDMR Shareholding

Arsenal Holdings plc                              

                                   Statement                                   

Arsenal Holdings plc (the "Company") has today been notified that Daniel
Fiszman, a Director of the Company, has on 27th March 2009 sold 5,000 ordinary
shares of £1 each in the Company ("Shares") to KSE, UK, Inc, a company
controlled by fellow Director, Stan Kroenke, at a price of £8,500 per Share.
Following such transaction, Mr Fiszman has a legal and beneficial holding of
10,025 Shares (representing 16.1 per cent of the total issued share capital of
the Company) and Mr Kroenke has a beneficial holding of 12,756 Shares
(representing 20.5 per cent of the total issued share capital of the Company).
The Company understands that the parties to the Lockdown Agreement dated 18
October 2007 (to which Mr Fiszman is a party) gave their consent to the
transaction.

Commenting on the transaction, Mr Fiszman said:

"I am pleased that Stan Kroenke has made a further substantial commitment to
the Club by acquiring approximately a third of my holding. Stan's long term
commitment to sport in general and football in particular has been well
documented. I am therefore delighted that he has shown this desire to deepen
his ties with Arsenal. I will of course continue to work for Arsenal with the
best interests of the Club at heart and have no intention of selling any more
of my shareholding."

Mr Kroenke stated:

"After having been invited to join the Board last year I am delighted to be
able to increase my shareholding in Arsenal.  I will continue to work closely
with my Board colleagues to maintain the stable environment in which the Club
operates and to preserve the self-sustaining business model enjoyed by the
Club."

Peter Hill-Wood, Chairman, commented:

"Stan Kroenke has proved to be a valuable member of the Board and I am pleased
that he has demonstrated further commitment to the Club by adding to his
shareholding. Danny Fiszman remains a driving influence on the Board and is
fully committed to the Club's long term future."

30th March 2009

Ends.