Director/PDMR Shareholding

Announcement on partial release of charge

Arsenal Holdings plc (the "Company") announces that it has today received
notification from Stan Kroenke, a director of the Company, that on 30 July 2009
a total of 2,119 ordinary shares of £1 each in the capital of the Company ("
Shares") were released from the charges granted on 1 May 2009 by KSE, UK, Inc.,
a company controlled by Stan Kroenke. Following the partial release of the
charge, 2,720 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 Stan
Kroenke as a result of the release of the charge, which remains 17,787
(28.58%).