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:

AXA S.A, 25 Avenue Matignon, 75008 Paris and its group of companies

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

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

22 April 2010

6. Date on which issuer notified:

23 April 2010

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

5%

8. Notified details:

Class/type of shares GB00B126KH97

A: Voting rights attached to shares

Situation previous to the Triggering Transaction: 80,135,149 ordinary shares of 0.01p each, Number of voting rights: 80,135,149.

Resulting situation after the triggering transaction: Number of shares: 15,750,722, Number of voting rights: 15,750,722 (direct) 63,570,527 (indirect), %age of voting rights 1.22% (direct) 4.94% (indirect).

B: Qualifying Financial Instruments

N/A

C. Financial Instruments with similar economic effect to Qualifying Financial Instruments

N/A

Total A +B

No. of voting rights: 79,321,249

% of voting rights: 6.16%

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

Proxy Voting:

10. Name of the proxy holder: n/a

11. Number of voting rghts 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