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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. 

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