Arden Group, Inc. Declares Quarterly Dividend

LOS ANGELES--(BUSINESS WIRE)--Arden Group, Inc. (Nasdaq: ARDNA) announced that its Board of Directors has declared a regular quarterly dividend of 25 cents per share of Class A Common Stock payable on October 20, 2008 to stockholders of record as of the close of business on September 30, 2008. As of June 28, 2008, there were 3,161,098 Class A shares outstanding.

Arden Group, Inc. is the parent company of Gelson’s Markets which operates 18 full-service supermarkets in Southern California carrying both perishable and grocery products.

Arden Group, Inc.
Patricia S. Betance, Assistant Secretary, 310-638-2842