Debenhams Regulatory News (DEB)

3 Mar 2008 18:07

Debenhams plc03 March 2008 TR-1 NOTIFICATION OF MAJOR INTERESTS IN SHARES 1. Identity of the issuer or the underlying issuer of existing shares to whichvoting rights are attached: Debenhams plc 2. Reason for the notification Entry into total return swap arrangements between each of Unity One ehf. andBaugur Group hf. with UBS AG 3. Full name of person(s) subject to the notification obligation: Unity Investments ehf., Unity One ehf. and Baugur Group hf 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 orreached if different)(i): 28 February 2008 6. Date on which issuer notified: 29 February 2008 7. Threshold(s) that is/are crossed or reached 13% 8. Notified details: A: Voting rights attached to shares N/A B: Financial Instruments Resulting situation after the triggering transaction: 1. Type of financial instrument: Total return swap with an option for physicalsettlement, Expiration date: 28 February 2009, Number of voting rights that maybe acquired (if the instrument is exercised/converted): 58,452,121, %age ofvoting rights: 6.805%. 2. Type of financial instrument: Total return swap with an option for physicalsettlement, Expiration date: 28 February 2009, Number of voting rights that maybe acquired (if the instrument is exercised/converted): 57,547,879, %age ofvoting rights: 6.700%. Total A +B Number of voting rights 116,000,000 = 13.504% of voting rights 9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable. Through Unity One ehf. (which is controlled by Unity Investments ehf.) (6.805%)and Baugur Group hf. (6.700%). 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 of which proxy holder will cease to hold voting rights: N/A 13. Additional Information: The notification is being made as a result of the entry into total return swaparrangements between each of Unity One ehf. and Baugur Group hf. with UBS AG. 14. Contact Name: Paul Eardley Company Secretary 15. Contact telephone number: 020 7408 3529 -------------------------- This information is provided by RNS The company news service from the London Stock Exchange