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:

Schroders plc

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

N/A

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

7^th September 2012

6. Date on which issuer notified:

10^th September 2012

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

14%-13%

8. Notified details:

Class/type of shares

ISIN: GB00B126KH97

A: Voting rights attached to shares

Situation previous to the triggering transaction:  Ordinary shares of 0.01p each - 205,218,276

Number of voting rights: 178,391,304

Resulting situation after the triggering transaction: 202,969,928 ordinary shares of 0.01p each

Number of voting rights Direct: None, Indirect: 176,037,830

Percentage of voting rights Direct: None, Indirect 13.935% 

B:  Financial Instruments

N/A

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

Type of financial  instrument: CFD

Number of voting rights instrument refers to: 105,126 

Percentage of voting rights: Nominal 0.008 % Delta 1

Total A +B+C

Number of voting rights 176,142,956

Percentage of voting rights 13.944% 

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

Schroder Investment Management Limited:   172,378,581    13.646%

Schroder Investment Management North America Limited  3,678,064   0.291% 

Schroder & Co Limited:          86,311            0.007%

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:

14.  Contact Name/Telephone Number:

Paul Eardley

Company Secretary

Telephone 0207 408 4444