Director/PDMR Shareholding

Announcement on partial release of charge Arsenal Holdings plc (the "Company") announces that on 23rd November 2009 it received notification from Daniel Fiszman and Stan Kroenke (both of whom are directors of the Company) that on 23 November 2009 Daniel Fiszman released from the charge granted to him on 27 March 2009 by KSE, UK, Inc., a company controlled by Stan Kroenke, 1,250 of the ordinary shares of £1 each in the capital of the Company ("Shares") which were subject to the charge. Following the partial release of the charge, 2,500 Shares legally and beneficially owned by KSE, UK, Inc. remain subject to the charge. 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 release of the charge. The number of voting rights held therefore remain 10,025 (16.1%) in the case of Daniel Fiszman and 18,604 (29.9%) in the case of Stan Kroenke. 24th November 2009

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