Directorate Change

ARSENAL MANAGING DIRECTOR LEAVES THE CLUB After eight highly successful years at Arsenal, Managing Director and Director of Arsenal Holdings PLC, Keith Edelman, has today announced his departure from the Club in search of a fresh challenge. Mr Edelman, who was responsible for overseeing the historic move from Highbury to Emirates Stadium, has resigned as a Director of Arsenal Holdings PLC, but will be retained by the Club for a 12 month period to ensure that a smooth transition takes place. Keith Edelman said: "I have thoroughly enjoyed my time at Arsenal. It has been a very exciting period for the business and I am proud to have contributed to the Club's many off-field achievements over the past eight years, not least the Emirates Stadium project. Now that we have completed our second season at Emirates, I believe it is the right time to seek pastures new and embark upon fresh challenges. " Peter Hill-Wood, Chairman, commented: "Keith has played a major role in the growth of the Club since he joined in 2000. In that time we have successfully implemented the move from Highbury to Emirates Stadium that has underpinned the future of the business and confirmed our position as one of Europe's leading clubs. We are grateful to Keith for his crucial role in this transformation. "Under Keith's stewardship the Club has achieved record profits and the Board owes him a debt of gratitude for his contribution. We wish him the very best for the future." The Board has already initiated the search for a new Managing Director and will update shareholders and stakeholders when appropriate. In the meantime, Director Ken Friar, who has a wealth of football-based experience and business acumen having previously occupied the role of Managing Director (1982-2000), will assume the position of Acting Managing Director. May 1st 2008 Ends For further information, please contact Amanda Docherty on 020 7704 4010.

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