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:

Deutsche Bank AG

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

Deutsche Bank AG, London Branch
N.

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

23 May 2017

6. Date on which issuer notified:

25 May 2017

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

Below Notifiable Threshold

8. Notified details:

Class/type of shares

ISIN: GB00B126KH97

A: Voting rights attached to shares

Situation previous to the triggering transaction:  33,732,806 ordinary shares of 0.01p each, Number of voting rights: 33,732,806

Resulting situation after the triggering transaction:

Number of Shares Direct: Below Notifiable Threshold ordinary shares of 0.01p each

Number of voting rights Direct: Below Notifiable Threshold, Indirect: None

Percentage of voting rights Direct: Below Notifiable Threshold Indirect: None

B:  Qualifying Financial Instruments

N/A

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

Resulting Situation after the triggering transaction:  

N/A

Total A +B+C

Number of voting rights - Below Notifiable Threshold

Percentage of voting rights -  Below Notifiable Threshold

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:

Debenhams plc LEI5493007MMUEIF4NJG110

Paul Eardley

Company Secretary

Telephone 020 3549 6000