Director/PDMR Shareholding

Announcement on 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 26 January
2010, 2,720 ordinary shares of £1 each in the capital of the Company ("Shares")
were released from a charge granted on 1 May 2009 by KSE, UK, Inc., a company
controlled by Stan Kroenke.

Following the release of the charge, all three of the charges granted on 1 May
2009 by KSE, UK, Inc. have now been released in full.

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 18,649 (29.9
per cent.).

27th January 2010