RNS Number:7358S
Debenhams PLC
02 December 2003

DEBENHAMS PLC

2 December 2003




                      Announcement - Dealings by Directors


Dealings by Directors


The Company has been notified today that on 28 November 2003 the Directors named
below have acquired ordinary shares of 10 pence each in the Company ("Shares")
following the exercise of options under the following share incentive schemes:


  * Debenhams Approved Executive Share Option Scheme


  * Debenhams Unapproved Executive Share Option Scheme


  * Debenhams Sharesave Scheme


  * The Burton Group 1987 Executive Share Option Scheme


(Collectively the "Debenhams Share Schemes").

Director                              Number of Shares acquired              Price per share (#)

Belinda Earl                          7,722                                  3.885
                                      101,158                                3.885
                                      40,061                                 3.295
                                      52,632                                 4.655
                                      39,999                                 3.00
                                      328,503                                2.07
                                      54,723                                 3.865
                                      41,234                                 3.96
                                      65,881                                 2.57
                                      2,021                                  3.58
                                      34,011                                 2.146
Matthew Roberts                       7,722                                  3.885
                                      146,718                                3.885
                                      48,559                                 3.295
                                      53,332                                 3.00
                                      48,310                                 2.07
                                      32,834                                 3.865
                                      16,493                                 3.96
                                      39,528                                 2.57
                                      2,021                                  3.58
                                      11,958                                 1.61
                                      1,905                                  1.763
Michael Sharp                         7,722                                  3.885
                                      116,602                                3.885
                                      21,852                                 3.295
                                      52,631                                 4.655
                                      40,000                                 3.00
                                      96,619                                 2.07
                                      27,489                                 3.96
                                      38,430                                 2.57
                                      5,104                                  1.763
                                      28,420                                 2.146
Jane Guillaume                        7,722                                  3.885
                                      120,978                                3.885
                                      18,210                                 3.295
                                      33,332                                 3.00
                                      38,648                                 2.07
                                      18,241                                 3.865
                                      25,254                                 2.57
Nigel Palmer                          7,722                                  3.885
                                      28,314                                 3.885
                                      4,296                                  4.655
                                      22,102                                 1.81
                                      72,462                                 2.07
                                      50,855                                 3.96
                                      20,862                                 2.57
                                      7,243                                  1.45


The Company has been further notified today that following the vesting and
exercise of awards under the Debenhams Long-Term Incentive Plan (the "Debenhams
LTIP"), Shares were transferred today from the Debenhams No. 1 Employees' Share
Ownership Plan Trust the "Debenhams ESOP") to the following directors:

Director                               Number of shares acquired

Belinda Earl                           400,665
Matthew Roberts                        309,851
Michael Sharp                          309,851
Jane Guillaume                         210,912
Nigel Palmer                           98,971


Following notification by the Company of the Court sanction of the Baroness
Retail Scheme of Arrangement on 28 November 2003, all outstanding options or
awards under the Debenham's Share Schemes, the Debenhams Employee Share Option
Scheme and the Debenhams LTIP vested in and/or became exercisable and in
satisfaction of such options and awards, (excluding LTIP awards vested and/or
exercised by directors), the Debenhams ESOP has today transferred 11,544,666
Shares and the Burton Group No. 1 Employees Share Ownership Plan Trust (the
"Burton ESOP") has transferred 13,863 Shares to participants.


Each Director of the Company is deemed to have an interest in the Debenhams ESOP
and the Burton ESOP by virtue of being a member of the class of potential
beneficiaries.


As a result of these transactions and following this notification, the
Directors' interests in the share capital of the Company are as follows:

Director                               Number of shares                   Total percentage holding of issued
                                                                          class
Belinda Earl                           1,219,350                          0.3276%
Matthew Roberts                        749,908                            0.2015%
Michael Sharp                          770,719                            0.2071%
Jane Guillaume                         487,137                            0.1309%
Nigel Palmer                           314,877                            0.0846%


Each of the Directors, by virtue of being a member of the class of potential
beneficiaries under the Burton ESOP, is deemed to be interested in 8,532 Shares
held by Mourant & Co Trustees Limited.


There are no Shares held in the Debenhams ESOP.


For further information contact:


John Hodges - 020 7408 3181


Name of authorised company official responsible for making this notification:


John Hodges, Deputy Company Secretary


Debenhams plc. Registered in England and Wales. Company No. 3430071

Registered Office: 1 Welbeck Street, London W1G 0AA


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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