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 instruments with similar economic effect to qualifying financial instruments.

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):

13 January 2017

6. Date on which issuer notified:

17 January 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: 250,569

Percentage of voting rights Direct: 0, Indirect: 0.02%

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: 45,863,861

Percentage of voting rights: 3.74%

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.; 45,863,861 shares; 3.74%

Goldman Sachs (UK) L.L.C. (Controlled by The Goldman Sachs Group, Inc.); 45,590,736 shares; 3.71%

Goldman Sachs Group UK Limited (Controlled by Goldman Sachs (UK) L.L.C.); 45,590,736 shares; 3.71%

Goldman Sachs International (Controlled by Goldman Sachs Group UK Limited); 45,590,736 shares; 3.71%

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

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