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:

Bestinver Gestion S.A., SGIIC

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

Several investment institutions and  pension funds represented by Bestinver Gestion S.A. SGIIC.

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

26 April 2012

6. Date on which issuer notified:

30 April 2012

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

9%

8. Notified details:

Class/type of shares GB00B126KH97

A:  Voting rights attached to shares

Situation previous to the Triggering Transaction:   0 ordinary shares of 0.01p each, Number of voting rights: 128,130,684.

Resulting situation after the triggering transaction: Number of shares 114,692,497 ordinary shares, Number of voting rights 0 (direct) 114,692,497 (indirect), %age of voting rights 0% (direct) 8.92% (indirect).

B:  Financial Instruments

N/A

Total A +B

Number of voting rights 114,692,497 ordinary shares, 8.92% 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 4444