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     

Journal out shares

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

Brandes Investment Partners, L.P.

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

Various clients of Brandes Investment Partners, L.P.

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

8 August 2008

6. Date on which issuer notified:

18 August 2008

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

5%

8. Notified details:

Class/type of shares

ISIN: US2427371040

A: Voting rights attached to shares

Situation previous to the Triggering Transaction:  2,998,012 ADR and 40,519,763  ordinary shares of 0.01p each, % of voting rights: 6.00%.

Resulting situation after the triggering transaction: Number of shares: Nil,  Number of voting rights: Direct: None, Indirect: 2,990,397 ADR and 29,947,452 ordinary shares; Percentage of voting rights Direct: None, Indirect 4.79%.

B: Financial Instruments

N/A

Total A +B

Number of voting rights 2,990,397 ADR and 29,947,452 ordinary shares, %age of voting rights 4.79%

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

• News Channel