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

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

Artemis Investment Management Limited

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

MT Total Return Fund

Artemis Strategic Assets Fund

Witan Investment Trust

L&G(Barclays) Series2 MM Alpha Fund

L&G(Barclays) MM Alpha Fund

Barclays UK Alpha

SAUL

BBC Pension Scheme

L&G Barclays Income 2

L&G Barclays Income 1

Artemis UK Hedge

Akzo Nobel Pension Scheme

Pearson

Charities Pool (COL)

Hampstead Heath (COL)

Artemis Institutional Special Situations

Artemis Institutional Equity Income Fund

P&O Pension Scheme

BHS Pension Scheme

BHS Senior Management Scheme

City of London Pension A/c

City of London Cash A/c

Artemis Capital Fund

Artemis UK Special Situations Fund

Artemis Income Fund

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

7 October 2010

6. Date on which issuer notified:

8 October 2010

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

5%

8. Notified details:

Class/type of shares GB00B126KH97

A: Voting rights attached to shares

Situation previous to the Triggering Transaction: 66,355,867 ordinary shares of 0.01p each, Number of voting rights: 66,355,867.

Resulting situation after the triggering transaction: Number of shares 63,855,868 ordinary shares, Number of voting rights 63,855,868 (direct) 0 (indirect), %age of voting rights 4.96% (direct) 0% (indirect).

B: Financial Instruments

N/A

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

N/A

Total A +B

Number of voting rights 63,855,868 ordinary shares, 4.96% 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:

14. Contact Name/Telephone Number:

Paul Eardley

Company Secretary

Telephone: 0207 408 3529