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:

Standard Life Investments Limited

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

Vidacos Nominees

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

15 March 2011

6. Date on which issuer notified:

16 March 2011

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

7%

8. Notified details:

Class/type of shares GB00B126KH97

A: Voting rights attached to shares

Situation previous to the Triggering Transaction: 90,089,303 ordinary shares of 0.01p each, Number of voting rights: 90,089,303

Resulting situation after the triggering transaction: Number of shares: 89,787,714, Number of voting rights: 44,912,715 (direct) 44,874,999 (indirect), %age of voting rights: 3.49% (direct) 3.487% (indirect).

B: Financial Instruments

N/A

Total A +B

Number of voting rights: 89,787,714, %age of voting rights: 6.978%

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 Secretary, Telephone: 0207 408 4444