Holding(s) in Company

On 5th May 2009, Arsenal Holdings plc (the "Company") received a

notification from Richard Carr 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:

Richard Charles Lascelles Carr

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)

1st May 2009

6. Date on which issuer notified:

1st May 2009

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

4%, 3%, 2%, 1%

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 2,722

Number of Voting Rights 2,722

Resulting situation after the triggering transaction

Number of Shares 2

Number of Direct Voting Rights 2

Number of Indirect Voting Rights

Percentage of Direct Voting Rights

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 2,722

% of voting rights 4.37%

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