Debenhams Regulatory News (DEB)

NOTIFICATION OF MAJOR HOLDINGS

1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:

Debenhams plc

1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)

Non-UK issuer

2. Reason for the notification (please mark the appropriate box or boxes with an "X")

An acquisition or disposal of voting rights

X

An acquisition or disposal of financial instruments

X

An event changing the breakdown of voting rights

Other (please specify)iii:

3. Details of person subject to the notification obligationiv

Name

The Goldman Sachs Group, Inc.

City and country of registered office (if applicable)

Corporation Trust Center, 1209 Orange Street,

Wilmington DE 19801, USA

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

Name

Goldman Sachs International

City and country of registered office (if applicable)

Peterborough Court, 133 Fleet Street, London

EC4A 2BB, UK

5. Date on which the threshold was crossed or reachedvi:

16/11/2017

6. Date on which issuer notified (DD/MM/YYYY):

20/11/2017

7. Total positions of person(s) subject to the notification obligation

% of voting rights attached to shares (total of 8. A)

% of voting rights through financial instruments(total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights of issuervii

Resulting situation on the date on which threshold was crossed or reached

0.68%

6.64%

7.32%

1,227,822,150

Position of previous notification (if

applicable)

0.03%

6.63%

6.66%

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii

A: Voting rights attached to shares

Class/type ofshares

ISIN code (if possible)

Number of voting rightsix

% of voting rights

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

GB00B126KH97

8,365,688

0.68%

SUBTOTAL 8. A

8,365,688

0.68%

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))

Type of financial instrument

Expirationdatex

Exercise/Conversion Periodxi

Number of voting rights that may be acquired if the instrument is

exercised/converted.

% of voting rights

Securities Lending

Open

1,956,964

0.16%

SUBTOTAL 8. B 1

1,956,964

0.16%

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))

Type of financial instrument

Expirationdatex

Exercise/Conversion Period xi

Physical or cash

settlementxii

Number of voting rights

% of voting rights

Refer to the Annexure

SUBTOTAL 8.B.2

79,536,586

6.48%

9. Information in relation to the person subject to the notification obligation (please mark the

applicable box with an "X")

Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii

Full chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)

X

Namexv

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

The Goldman Sachs Group, Inc.

Goldman Sachs (UK) L.L.C.

Goldman Sachs Group UK Limited

Goldman Sachs

International

6.56%

6.56%

The Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC

The Goldman Sachs Group, Inc.

GSAM Holdings LLC

Goldman Sachs Asset Management, L.P.

10. In case of proxy voting, please identify:

Name of the proxy holder

N/A

The number and % of voting rights held

N/A

The date until which the voting rights will be held

N/A

11. Additional information xvi

12. Contact Name/Telephone Number

Annexure

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))

Type of financial instrument

Expiration datex

Exercise/Conversion periodxi

Physical or cash settlementxii

Number of voting rights

% of voting rights

Swap

03-Sep-2019

Cash

18,000,000

1.47%

Swap

15-Feb-2018

Cash

17,663,644

1.44%

Swap

27-Sep-2018

Cash

15,698,741

1.28%

CFD

30-Jun-2027

Cash

5,674,588

0.46%

CFD

10-Dec-2025

Cash

4,656,767

0.38%

CFD

10-Dec-2025

Cash

4,284,123

0.35%

Swap

25-Sep-2018

Cash

2,655,878

0.22%

CFD

14-May-2027

Cash

2,310,217

0.19%

CFD

10-Dec-2025

Cash

1,695,815

0.14%

CFD

04-Feb-2026

Cash

1,361,069

0.11%

CFD

18-Aug-2027

Cash

1,152,226

0.09%

CFD

21-Nov-2025

Cash

769,029

0.06%

Swap

25-Sep-2018

Cash

600,365

0.05%

CFD

04-Nov-2027

Cash

562,251

0.05%

CFD

03-Feb-2027

Cash

361,753

0.03%

CFD

21-Nov-2025

Cash

194,407

0.02%

CFD

21-Jul-2027

Cash

183,214

0.01%

Swap

25-Sep-2018

Cash

134,531

0.01%

CFD

08-Jun-2022

Cash

110,000

0.01%

CFD

25-Apr-2022

Cash

100,000

0.01%

CFD

08-Jun-2022

Cash

100,000

0.01%

Swap

29-Oct-2018

Cash

100,000

0.01%

Swap

17-Oct-2018

Cash

93,300

0.01%

CFD

25-Apr-2022

Cash

80,000

0.01%

CFD

18-Aug-2027

Cash

72,903

0.01%

CFD

27-Apr-2022

Cash

60,000

0.005%

CFD

27-Apr-2022

Cash

50,000

0.004%

CFD

10-Sep-2021

Cash

50,000

0.004%

Swap

17-Oct-2018

Cash

49,000

0.004%

Swap

17-Oct-2018

Cash

46,000

0.004%

CFD

18-Jun-2027

Cash

45,413

0.004%

Swap

19-Nov-2018

Cash

41,600

0.003%

CFD

18-Nov-2027

Cash

40,279

0.003%

Swap

17-Oct-2018

Cash

33,600

0.003%

Swap

17-Oct-2018

Cash

31,100

0.003%

Swap

17-Oct-2018

Cash

29,500

0.002%

Swap

17-Oct-2018

Cash

29,300

0.002%

Swap

17-Aug-2018

Cash

25,200

0.002%

Swap

17-Oct-2018

Cash

24,100

0.002%

Swap

17-Oct-2018

Cash

21,600

0.002%

Swap

17-Oct-2018

Cash

20,700

0.002%

Swap

17-Oct-2018

Cash

18,800

0.002%

Swap

17-Aug-2018

Cash

17,300

0.001%

Swap

17-Aug-2018

Cash

16,700

0.001%

Swap

17-Oct-2018

Cash

16,200

0.001%

Swap

17-Aug-2018

Cash

16,100

0.001%

Swap

17-Aug-2018

Cash

15,600

0.001%

Swap

17-Oct-2018

Cash

15,300

0.001%

Swap

17-Oct-2018

Cash

13,600

0.001%

Swap

17-Aug-2018

Cash

12,400

0.001%

Swap

17-Aug-2018

Cash

12,300

0.001%

Swap

17-Aug-2018

Cash

12,200

0.001%

Swap

17-Oct-2018

Cash

12,200

0.001%

Swap

17-Aug-2018

Cash

11,900

0.001%

Swap

17-Oct-2018

Cash

11,700

0.001%

Swap

17-Oct-2018

Cash

11,500

0.001%

Swap

17-Aug-2018

Cash

11,000

0.001%

Swap

17-Aug-2018

Cash

10,600

0.001%

Swap

17-Aug-2018

Cash

10,000

0.001%

Swap

17-Oct-2018

Cash

9,100

0.001%

Swap

17-Oct-2018

Cash

8,700

0.001%

Swap

19-Nov-2018

Cash

8,000

0.001%

Swap

17-Aug-2018

Cash

7,900

0.001%

Swap

17-Aug-2018

Cash

7,800

0.001%

Swap

17-Aug-2018

Cash

 7,800

0.001%

Swap

17-Aug-2018

Cash

 7,700

0.001%

Swap

17-Oct-2018

Cash

 7,500

0.001%

Swap

19-Nov-2018

Cash

 4,600

0.0004%

Swap

19-Nov-2018

Cash

 4,400

0.0004%

Swap

19-Sep-2018

Cash

 3,100

0.0003%

CFD

06-Oct-2027

Cash

 1,298

0.0001%

Swap

19-Sep-2018

Cash

 800

0.0001%

CFD

22-Oct-2027

Cash

 274

0.00002%

Total Number of Voting rights and percentage of voting rights

79,536,586

6.48%

Additional information: Please note, total amount of voting rights have been rounded to 2 decimal places therefore there is a possibility of a rounding error.