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 instruments with similar economic effect to qualifying financial instruments

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

Morton Holdings, Inc.

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):

21.10.11

6. Date on which issuer notified:

25.10.11

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

4%

8. Notified details:

A: Voting rights attached to shares

B: Financial Instruments

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

Type of financial instrument: Contract for differences. Number of voting rights instrument refers to: 52,196,706, % of voting rights: Delta 4.06%

Total A+B+C

Number of voting rights: 52,196,706

% of voting rights: 4.06%

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

The ultimate controller of the disclosing entity is Philip B.Korsant

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