Holding(s) in Company

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: Purchase 4,000,000 shares

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

Majedie Asset Management Limited

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

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

01 February 2013

6. Date on which issuer notified:

05 February 2013

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

Above 5%

8. Notified details:

Class/type of shares GB00B126KH97

A: Voting rights attached to shares

Situation previous to the Triggering Transaction: 62,480,510 ordinary shares of 0.01p each, Number of voting rights: 62,480,510

Resulting situation after the triggering transaction: Number of shares 0 ordinary shares, Number of voting rights 66,480,510 (indirect) 5.29% (indirect)

B: Financial Instruments

N/A

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

N/A

Total A +B +C

Number of voting rights 66,480,510 ordinary shares, 5.29% of voting rights.

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:

Majedie Asset Management Ltd is a discretionary Fund Manager. It invests funds on behalf of its clients on a segregated basis as well as through its pooled vehicle Majedie Asset Management Investment Fund Company

14. Contact Name/Telephone Number:

Paul Eardley

Company Secretary

Telephone: 0207 408 4444