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  

Appointment of the Chairman as proxy with discretion to vote shares at the Company's Annual General Meeting to be held on 10 January 2012.

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

Nigel Northridge

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

68 private shareholders and KAS Nominees Limited "28983223"

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

9 January 2012

6. Date on which issuer notified:

9 January 2012

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

3%

8. Notified details:

Class/type of shares GB00B126KH97

A: Voting rights attached to shares

Situation previous to the Triggering Transaction 100,000 ordinary shares of 0.01p each, Number of voting rights: 100,000.

Resulting situation after the triggering transaction: Number of shares 133,185,178 ordinary shares, Number of voting rights 100,000 (direct) 133,085,378 (indirect), %age of voting rights 0.0077% (direct) 10.3423% (indirect).

B: Financial Instruments

N/A

Total A +B

Number of voting rights 133,185,178 ordinary shares, 10.35% of voting rights

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:

Nigel Northridge

11. Number of voting rights proxy holder will cease to hold:

133,085,378

12. Date on which proxy holder will cease to hold voting rights:

At close of the Annual General Meeting to be held on 10 January 2012 at 2.00pm

13. Additional Information:

When the proxy expires, 132,954,318 shares will return to KAS Nominees Limited "28983223" and 131,060 shares will return to 68 private shareholders.

14. Contact Name/Telephone Number:

Paul Eardley

Company Secretary

Telephone: 0207 408 3529