Arden Group, Inc. Declares Quarterly Dividend

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 April 20, 2009 to stockholders of record as of the close of business on March 31, 2009. As of January 3, 2009, 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.