DEPOSIT AGREEMENTDeposit Agreement • January 11th, 2011 • Citibank,N.A./ADR • New York
DEPOSIT AGREEMENT, dated as of ___________, 2010, by and among (i) Debenhams Plc, a corporation organized under the laws of England and Wales, and its successors (the “Company”), (ii) CITIBANK, N.A., a national banking association organized under the laws of the United States of America acting in its capacity as depositary, and any successor depositary hereunder (the “Depositary”), and (iii) all Holders and Beneficial Owners of American Depositary Shares issued hereunder (all such capitalized terms as hereinafter defined).
