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:

Bestinver Internacional, FI

(represented by Bestinver Gestion S.A. SGIIC)

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):

6 July 2012

6. Date on which issuer notified:

10 July 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: 0 ordinary shares of 0.01p each, Number of voting rights: 39,089,975.

Resulting situation after the triggering transaction: Number of shares 38,168,003 ordinary shares, Number of voting rights 38,168,003 (direct) 0 (indirect), %age of voting rights 2.99% (direct) 0% (indirect).

B: Financial Instruments

N/A

Total A +B

Number of voting rights 38,168,003 ordinary shares, 2.99% 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: 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:

Bestinver International FI is an investment fund managed by Bestinver Gestion S.A., SGIIC. The direct holdings of Bestinver Internacional FI are aggregated in the notifications of the indirect holdings of Bestinver Gestion S.A., SGIIC.

14. Contact Name/Telephone Number:

Paul Eardley

Company Secretary

Telephone: 0207 408 4444