AGM Statement

Drax Group PLC
26 April 2007

26 April 2007
                                 Drax Group plc
                           ('Drax' or the 'Company')

                                  Symbol: DRX

                                 AGM Statement

Drax holds its AGM at 11:00am today at the City Presentation Centre, Chiswell
Street, London. At this meeting Gordon Horsfield, Chairman of Drax, will make
the following comments regarding 2007 Trading:

'Turning briefly now to 2007.

As notified in our Preliminary Results presentation, towards the end of June 
we intend to issue a Trading Statement which will include an update on our 
contracted position.

Since our results presentation on 8 March, market conditions have been 
extremely volatile; the notable drivers have been the continuance of the 
warm winter, high levels of gas storage across continental Europe and the 
pressures brought to bear on the oil prices by the political climate developing 
within the Middle East.

Power prices have experienced a mixture of fortunes; prompt power prices fell
tracking a waning prompt gas price as the gas market responded to the reduced
demand resulting from such a warm winter; however the forward power market has
strengthened under the influence of a rising oil market producing firmer gas
price sentiment in the medium term.

Overall, we continue to trade in line with expectations reflecting our
contracted position (including actual deliveries in the year to date) of over
80% and market factors described above.

We are pleased to report that in March both houses of parliament approved
amendments to the Renewables Obligation Order that removes the cap on co-firing
energy crops. The change came into effect on 1st April this year.'


Enquires:

Investor Relations
Andrew Jones
[phone]

Media

Tulchan Communications
David Trenchard and Peter Hewer
[phone]

Website: www.draxgroup.plc.uk

                                       ENDS   




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