Citi Appointed Depositary for Debenhams PLC’s Sponsored Level 1 ADR Program

London - February 14, 2011 – Citi today announced that its Global Transaction Services business, acting through Citibank N.A., has been appointed by UK retailer Debenhams plc (Debenhams) as depositary for its sponsored Level 1 American Depositary Receipt (ADR) program. Debenhams’ ADRs trade in the OTC marketplace under the symbol DBHPL, with each ADR representing 4 ordinary shares. Debenhams’ ordinary shares are listed on the London Stock Exchange.

Dirk Jones, Global Head of Securities and Fund Services Client Sales Management at Citi said, “We’re extremely pleased that Debenhams has chosen Citi as depositary for their sponsored Level 1 program. We look forward to the opportunity to help Debenhams expand their global profile and increase their program visibility via Citi’s unmatched worldwide distribution network.”

For more information on Citi’s Depositary Receipt Services, visit www.citi.com/dr.

Global Transaction Services, a division of Citi’s Institutional Clients Group, offers integrated cash management, trade, and securities and fund services to multinational corporations, financial institutions and public sector organizations around the world. With a network that spans more than 100 countries, Citi’s Global Transaction Services supports over 65,000 clients. As of the fourth quarter of 2010, it held on average $353 billion in liability balances and $12.6 trillion in assets under custody.

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About Debenhams plc:
Debenhams is a leading department stores group with a total of 167 stores in the UK, Republic of Ireland and Denmark. It offers a wide range of products across womenswear, menswear, childrenswear, lingerie, accessories, health and beauty, homeware and gifts. Trading from over 12 million square feet of space, Debenhams employs nearly 27,500 people. In addition, it has 61 international franchise stores in 24 countries around the world. Debenhams also has a growing multi-channel business which seeks to integrate the instore and online business to give customers maximum choice and flexibility in the way that they shop. Additional information may be found at: www.debenhamsplc.com/

About Citi
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Through Citicorp and Citi Holdings, Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Additional information may be found at www.citigroup.com or www.citi.com.

About Global Transaction Services
Global Transaction Services, a division of Citi’s Institutional Clients Group, offers integrated cash management, trade, and securities and fund services to multinational corporations, financial institutions and public sector organizations around the world. With a network that spans more than 100 countries, Citi’s Global Transaction Services supports over 65,000 clients. As of the fourth quarter of 2010, it held on average $353 billion in liability balances and $12.6 trillion in assets under custody.

Through its Securities and Fund Services business, Citi provides institutions worldwide with an unparalleled portfolio of offerings that enable them to grow, reduce cost and mitigate risk. With $12.6 trillion of assets under custody and the industry's largest proprietary network, clients can leverage Citi's local market expertise and global reach to extract value across the entire investment value chain.