Regulatory Approval

RNS Number:7638R
Baroness Retail Limited
06 November 2003



FOR IMMEDIATE RELEASE


6th November 2003



                                 Debenhams plc



Baroness Retail Limited announces that on 5th November 2003 the European
Commission granted an unconditional clearance under the EC Merger Regulation for
its proposed acquisition of Debenhams plc.




Enquiries to:
Morgan Stanley & Co. Limited                              020 7425 5000
Gavin MacDonald
Colm Donlon


Citigate Dewe Rogerson                                    020 7638 9571
Sue Pemberton



Morgan Stanley & Co. Limited is acting for Baroness Retail, CVC Capital
Partners, Texas Pacific Group and Merrill Lynch Global Private Equity and no one
else in connection with Baroness Retail's offer for Debenhams and will not be
responsible to anyone other than Baroness Retail, CVC Capital Partners, Texas
Pacific Group and Merrill Lynch Global Private Equity for providing the
protections afforded to clients of Morgan Stanley & Co. Limited, nor for
providing advice in relation to Baroness Retail's  offer for Debenhams.


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