Dividend Declaration

Drax Group PLC
09 October 2006

  

                                  DRAX GROUP PLC
                                    ('DRAX')

                                  (Symbol:DRX)

                    Special Dividend and Share Consolidation


Following the approval of the first resolution proposed at the Extraordinary
General Meeting of Drax Group plc ('Drax') held on 6 October 2006, the share
consolidation (under which shareholders receive 29 New Ordinary Shares of 11 1/
29 pence each for every 32 Existing Ordinary Shares of 10 pence each) of Drax
has become effective and dealings in Drax's New Ordinary Shares of 11 1/29 pence
each are expected to commence this morning.

Payment of both the Interim Dividend of 4 pence per Existing Ordinary Share and
the Special Dividend of 80 pence per Existing Ordinary Share are expected to
take place on 25 October 2006.

Despatch of new share certificates and cheques in respect of fractional
entitlements to New Ordinary Shares of 11 1/29 pence each is expected to take
place on 24 October 2006.



P J Rothwell
Company Secretary
Drax Group plc

9 October 2006


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