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:

Milestone Resources Group Ltd

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

Mukesh Wadhumal Jagtiani

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

24 July 2008

6. Date on which issuer notified:

1 August 2008

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

10%

8. Notified details:

Class/type of shares

GB00B126KH97

A: Voting rights attached to shares

Situation previous to the Triggering Transaction:  85,483,155 ordinary shares of 0.01p each, Number of voting rights: 85,483,155.

Resulting situation after the triggering transaction: Number of shares 89,183,155 ordinary shares, Number of voting rights Direct 89,183,155, Indirect: None: Percentage of voting rights Direct 10.19%, Indirect 0%.

B: Financial Instruments

N/A

Total A +B

Number of voting rights 89,183,155 ordinary shares, % of voting rights: 10.19%

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:

14. Contact Name/Telephone Number:

Paul Eardley

Company Secretary

Telephone: 0207 408 3529

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