Holding(s) in Company

30 Jun 2008 15:24



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   

Entry into a forward contract between Unity One ehf. and Landsbanki Islands hf.

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

Unity Investments ehf., Unity One ehf.

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

Landsbanki Islands hf.

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

25 June 2008

6. Date on which issuer notified:

27 June 2008

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

6%

8. Notified details:

A: Voting rights attached to shares

N/A

B: Financial Instruments

Resulting situation after the triggering transaction:-

Type of financial instrument: Forward Contract

Expiration date: 30 August 2008

Exercise/conversion period/date: Anytime following 30 June 2008

No. of voting rights that may be

Acquired (if the instrument is

Exercised/converted): 58,452,121

%age of voting rights: 6.805%

Total A +B

58,452,121 = 6.805%

9.  Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable.

Through Unity One ehf. (which is controlled by Unity Investments ehf.) (6.805%)

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 a forward contract between Unity One ehf. and Landsbanki Islands hf.

14. Contact Name:

Paul Eardley

Company Secretary

15. Contact telephone number:

020 7408 3529