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:

    UBS Investment Bank

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

    UBS AG

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

8th July 2008

6. Date on which issuer notified:

    10th July 2008

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

    Non notifiable threshold

8. Notified details:

Class/type of shares

GB00B126KH97

Voting rights attached to shares

Situation previous to the Triggering Transaction:  

52,519,165

Percentage of voting rights

6.004%

Resulting situation after the triggering transaction: 

Number of voting rights Direct Non-notifiable, Indirect Non-notifiable  

Percentage of voting rights Direct Non-notifiable, Indirect Non-notifiable

B: Financial Instruments

N/A

Total A +B

Number of voting rights Non-notifiable

Percentage of voting rights Non-notifiable

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 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 020 7408 3529  

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