Holding(s) in Company

TR-1 NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Debenhams plc

2. Reason for the notification  

An acquisition or disposal of voting rights

Type 1 disclosure as per Transparency Directive ll Regulation

3. Full name of person(s) subject to the notification obligation:

Schroders plc

4. Full name of shareholder(s) (if different from 3):

N/AN.

5. Date of the transaction (and date on which the threshold is crossed or reached if different):

23 December 2016

6. Date on which issuer notified:

28 December 2016

7. Threshold(s) that is/are crossed or reached

From 15% -16%

8. Notified details:

Class/type of shares

ISIN: GB00B126KH97

A: Voting rights attached to shares

Situation previous to the triggering transaction: 184,269,979 Ordinary shares of 0.01p each

Number of voting rights: 184,269,979

Resulting situation after the triggering transaction:

Number of Shares Direct: 197,062,562 ordinary shares of 0.01p each

Number of voting rights Direct: None, Indirect: 197,062,562

Percentage of voting rights Direct: None, Indirect 16.05%

B: Financial Instruments

N/A

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting Situation after the triggering transaction:  

N/A

Total A +B+C

Number of voting rights 197,062,562

Percentage of voting rights 16.05%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable.

Schroder Investment Management Limited: 197,062,562 16.05%

Proxy Voting:

10. Name of the proxy holder: n/a

11. Number of voting rights proxy holder will cease to hold:

n/a

12. Date on which proxy holder will cease to hold voting rights:n/a

13. Additional Information:

The shares referred to in section 9 are held in portfolios managed by those firms on a discretionary basis for clients under investment management agreements. This disclosure has been calculated based on issue share capital amount 1,227,822,150.

14. Contact Name/Telephone Number:

Paul Eardley

Company Secretary

Telephone 020 3549 6000