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:

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 November 2014

6. Date on which issuer notified:

20 November 2014

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

Extinguished 5%

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: 61,441,453

Number of voting rights: 61,441,453

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: 61,170,118

Percentage of voting rights Direct: N/A Indirect: 4.99%

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: 61,170,118

Percentage of voting rights: 4.99%

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