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:

Standard Life Investments (Holdings) Limited (Parent Company) - 5.116%

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

Vidacos Nominees/ HSBC

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

03 December 2015

6. Date on which issuer notified:

08 December 2015

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

Standard Life Investment (Holdings) Limited - 5%

Standard Life Investments Limited - 5%

8. Notified details:

ISIN: GB00B126KH97

A: Voting rights attached to shares

Situation previous to the Triggering Transaction: 60,064,805 ordinary shares of 0.01p each, Number of voting rights: 60,064,805.

Resulting situation after the triggering transaction: Number of shares: 62,804,669 (Direct), Number of voting rights: 62,804,669 (indirect),

Percentage of voting rights: 5.116% (indirect).

B: Qualifying 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: 62,804,669,

Percentage of voting rights: 5.116%

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

Standard Life Investments (Holdings) Limited (Parent Company) - 5.116% comprised of:

Standard Life Investments Limited - 5.116%

Ignis Investment Services Limited - 0%

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 on which proxy holder will cease to hold voting rights:N/A

13. Additional Information:

N/A

14. Contact Name/Telephone Number:

Paul Eardley

Company Secretary

Telephone 020 3549 6000