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:

USB Investment Bank

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

UBS AG London Branch

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

4 March 2010

6. Date on which issuer notified:

8 March 2010

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

Below notifiable threshold

8. Notified details:

Class/type of shares GB00B126KH97

A: Voting rights attached to shares

Situation previous to the Triggering Transaction: 69,041,182 ordinary shares of 0.01p each, Number of voting rights: 69,041,182.

Resulting situation after the triggering transaction: Number of share: Below disclosable threshold, Number of voting rights: Below disclosable threshold (direct) 0 (indirect), %age of voting rights 0% (direct) 0% (indirect).

B: Qualifying Financial Instruments

N/A

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

N/A

Total A +B

Below disclosable threshold.

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

Proxy Voting:

10. Name of the proxy holder: n/a

11. Number of voting rghts 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