Director/PDMR Shareholding

Arsenal Holdings plc (the "Company") announces that it has today received
notification from Daniel Fiszman and Stan Kroenke (both of whom are directors
of the Company) that KSE, UK, Inc., a company controlled by Stan Kroenke, has
on 27th March 2009 granted a charge to Daniel Fiszman in respect of 5,000
ordinary shares of £1 each in the capital of the Company legally and
beneficially owned by KSE, UK, Inc.

There is no change to the number of voting rights in the Company held by Daniel
Fiszman and Stan Kroenke as a result of the grant of the charge. The number of
voting rights held therefore remain 10,025 (16.1%) in the case of Daniel
Fiszman and 12,756 (20.5%) in the case of Stan Kroenke.

30th March 2009