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:

Delta Lloyd N.V. and its Group of Companies

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

Delta Lloyd L European Mid-Participation Fund Sicav 2,327,575

Delta Lloyds Select Dividend Fonds N.V. 21,466,368

Delta Lloyd Institutioneel Blue Return Fund 6,210,690

Delta Lloyd Life N.V. 6,096,590

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

15th February 2013

6. Date on which issuer notified:

18th February 2013

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

3% to 2% Change at Combined Indirect Interest Level

8. Notified details:

Class/type of shares

ISIN: GB00B126KH97

A: Voting rights attached to shares

Situation previous to the triggering transaction: Ordinary shares of 0.01p each - 40,774,218

Number of voting rights: 40,774,218

Resulting situation after the triggering transaction: 36,101,223 ordinary shares of 0.01p each

Number of voting rights Direct: None, Indirect: 36,101,223

Percentage of voting rights Direct: None, Indirect 2.87%

B: Financial Instruments

N/A

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

N/A

Total A +B+C

Number of voting rights 36,101,223

Percentage of voting rights 2.87%

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

The voting rights held in the 3 investment funds are managed and controlled by Delta Lloyd Asset Management N.V. with the following chain of controlled undertakings:

Delta Lloyd Asset Management N.V.:

·; Delta Lloyd N.V.

·; DLAM Holding B.V.

·; Delta Lloyd Asset Management N.V.(wholly owned subsidiary of Delta Lloyd N.V.)

Delta Lloyd Life N.V.'s chain of control is as follows:

·; Delta Lloyd N.V.

·; Delta Lloyd Houdstermaatschappij Belgie B.V.

·; Delta Lloyd Life N.V. (wholly owned subsidiary of Delta Lloyd N.V.)

Proxy Voting:

10. Name of the proxy holder: 

Delta Lloyd L European Mid-Participation Fund Sicav 2,327,575

Delta Lloyds Select Dividend Fonds N.V. 21,466,368

Delta Lloyd Institutioneel Blue Return Fund 6,210,690

Delta Lloyd Life N.V. 6,096,590

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 0207 408 4444