| Arsenal Holdings plc - Director's Shareholding
On 15th March 2007, Arsenal Holdings plc (the "Company") received notification
that Daniel Fiszman, a Director of the company, sold 659 ordinary shares in
the Company on 14th March 2007 at a price of GBP5,975 per share (the "Sale").
Following the Sale, Mr Fiszman's beneficial interest in the share capital of
the Company is now 15,000 ordinary shares, which represents 24.11% of the
Company's issued ordinary shares.