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

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

The Goldman Sachs Group, Inc

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

Goldman Sachs International

Goldman, Sachs & Co.

Goldman Sachs Asset Management, L.P.

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

22 March 2017

6. Date on which issuer notified:

24 March 2017

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

Above 3%

8. Notified details:

Class/type of shares

ISIN: GB00B126KH97

A: Voting rights attached to shares

Situation previous to the triggering transaction: Below 3% Ordinary shares of 0.01p each

Number of voting rights: Below 3%

Resulting situation after the triggering transaction: 0 ordinary shares of 0.01p each

Number of voting rights Direct: 0, Indirect: 31,582

Percentage of voting rights Direct: 0, Indirect: Below 3% (0.003%)

B: Qualifying Financial Instruments

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

N/A

Total A+B+C

Number of voting rights: 39,763,112

Percentage of voting rights: 3.24%

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

The Goldman Sachs Group, Inc.; 39,763,112 shares; 3.24%

Goldman Sachs (UK) L.L.C. (Controlled by The Goldman Sachs Group, Inc.); 39,714,384 shares; 3.23%

Goldman Sachs Group UK Limited (Controlled by Goldman Sachs (UK) L.L.C.); 39,714,384 shares; 3.23%

Goldman Sachs International (Controlled by Goldman Sachs Group UK Limited); 39,714,384 shares; 3.23%

The Goldman, Sachs & Co. L.L.C. (Controlled by The Goldman Sachs Group, Inc.)

Goldman, Sachs & Co. (Controlled by The Goldman, Sachs & Co. L.L.C.)

GSAM Holdings LLC (Controlled by The Goldman Sachs Group, Inc.)

Goldman Sachs Asset Management, L.P. (Controlled by GSAM Holdings LLC)

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:

14. Contact Name/Telephone Number:

Paul Eardley

Company Secretary

Telephone 0203 549 6000