Director/PDMR Shareholding

Arsenal Holdings plc (the "Company") has received notification that on 1st May
2009 KSE, UK, Inc. ("KSE"), a company controlled by Stan Kroenke, a Director of
the Company, acquired 4,839 ordinary shares of £1.00 each in the Company from
members of the Carr family, including Richard Carr, a Director of Arsenal
Football Club plc. The shares were acquired at prices of £8,500 per share and £
10,500 per share.

As a result of the acquisition, Stan Kroenke has a beneficial interest in, and
controls voting rights over 17,613 ordinary shares in the Company, representing
28.3% of the Company's issued ordinary shares.

Mr Kroenke has also notified the Company that KSE has granted three separate
charges in respect of, in aggregate, 4,839 shares legally and beneficially
owned by KSE. There is no change to Mr Kroenke's beneficial holding of shares
as a result of the grant of the charges.

Richard Carr, Arsenal Director said: "It has been a wonderful ride and the
family have enjoyed every minute of it. I hope there will be many more magic
moments for us in the future."

Peter Hill-Wood, Chairman of Arsenal: "I would like to pay tribute to the
long-standing commitment that the Carr family has shown towards Arsenal. The
Club is hugely indebted to them for the role that they have played in the
development and success of the Club over the years. The Board particularly wish
to thank Richard Carr for his hard work, effort and integrity since joining the
Board in 1981 and I am pleased to say that Richard will continue on as a
Director of the Club."

1st May 2009

Ends.