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