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:

Schroders 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):

28th January 2011

6. Date on which issuer notified:

31st January 2011

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

Over 10%

8. Notified details:

Class/type of shares

ISIN: GB00B126KH97

 Voting rights attached to shares

Situation previous to the Triggering Transaction: Ordinary shares of 0.01p each - 141,406,001

Number of voting rights: 126,155,603

Resulting situation after the triggering transaction: 150,281,818 ordinary shares of 0.01p each

Number of voting rights Direct: None, Indirect: 135,031,420

Percentage of voting rights Direct: None, Indirect 10.494%

B: Financial Instruments

N/A

Total A +B

Number of voting rights 135,031,420

Percentage of voting rights 10.494%

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

Schroder Investment Management Limited: 134,961,910 10.488%

Schroder & Co Limited: 69,510 0.005%

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 0207 408 4444