Holding(s) in Company

On 31st March 2009, Arsenal Holdings plc (the "Company") received a

notification from Daniel Fiszman in the form set out below regarding the
holding of ordinary shares in the Company.

TR-1: NOTIFICATIONS OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which

voting rights are attached :

Arsenal Holdings plc

2. Reason for the notification

An acquisition or disposal of voting rights - Yes

3. Full name of person(s) subject to the notification obligation :

Daniel David Fiszman

4. Full name of shareholder(s) (if different from 3):

N/A

5. Date of the transaction :

(and date on which the threshold is crossed or reached if different)

27th March 2009

6. Date on which issuer notified:

30th March 2009

7. Threshold(s) that is/are crossed or reached:

24%, 23%, 22%, 21%, 20%, 19%, 18% and 17%

8. Notified details:

A: Voting rights attached to shares

Class/type of Shares - Ordinary Shares (ISIN: GB0030895238)

Situation previous to the triggering transaction

Number of Shares 15,025

Number of Voting Rights 15,025

Resulting situation after the triggering transaction

Number of Shares

Number of Direct Voting Rights 10,025

Number of Indirect Voting Rights

Percentage of Direct Voting Rights 16.1%

Percentage of Indirect Voting Rights

B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument N/A

Expiration date N/A

Exercise/ Conversion Period/ Date N/A

Number of voting rights that may be acquired if the instrument is exercised/

converted N/A

% of voting rights N/A

Total (A+B)

Number of voting rights 10,025

% of voting rights 16.1%

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:

N/A

Proxy Voting:

10. Name of the proxy holder: N/A

11. Number of voting rights proxy holder will cease to hold: N/A

12. Date on which proxy holder will cease to hold voting rights: N/A

13. Additional information: N/A

14. Contact name: Russel Shear

15. Contact telephone number: + 44 (0) 20 7691 4082