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; and

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached.

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

Old Mutual plc

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

N/A

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

18 February 2016

6. Date on which issuer notified:

19 February 2016

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

Below 7%

8. Notified details:

Class/type of shares

GB00B126KH97

A: Voting rights attached to shares

Situation previous to the triggering transaction:

Number of Ordinary shares of 0.01p each: 86,322,999

Number of voting rights: 86,322,999

Resulting situation after the triggering transaction:

Number of Ordinary shares of 0.01p each Direct: N/A

Number of voting rights Direct: N/A Indirect: 85,369,072

Percentage of voting rights Direct: N/A Indirect: 6.95%

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: 85,446,740

Percentage of voting rights: 6.96%

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

N/A

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:

N/A

14. Contact Name/Telephone Number:

Paul Eardley

Company SecretaryTelephone: 020 3549 6000