Holding(s) in Company

Drax Group PLC
20 December 2005

                             NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   NAME OF LISTED COMPANY

DRAX GROUP PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

STRATEGIC VALUE PARTNERS LLC

3)   Please state whether notification indicates that it is 
     regarding the holding of the shareholder named in 2 above;
     in respect of a non-beneficial interest; or in the case of an
     individual holder if it is a holding of that person's spouse
     or children under the age of 18

SHAREHOLDER NAMED IN 2 ABOVE AND ITS SUBSIDIARY COMPANIES

4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

STRATEGIC VALUE MASTER FUND LTD -                     9,758,467
STRATEGIC VALUE CREDIT OPPORTUNITIES MASTER FUND LP   1,774,259
MAN MAC 3 LIMITED                                     2,661,259


5)   Number of shares/amount of stock acquired.

14,193,985

6)   Percentage of issued Class (any treasury shares held by the
     listed company should not be taken into account when
     calculating percentage)

3.49%

7)   Number of shares/amount of stock disposed

N/A

8)   Percentage of issued Class (any treasury shares held by the
     listed company should not be taken into account when
     calculating percentage)

N/A

9)   Class of security

ORDINARY SHARES OF 10 PENCE EACH

10)  Date of transaction

15 DECEMBER 2005

11)  Date listed company informed

19 DECEMBER 2005

12)  Total holding following this notification

14,193,985
               
13)  Total percentage holding of issued class following this notification
     (any treasury shares held by the listed company should not be taken
     into account when calculating percentage)

3.49%

14)  Any additional information

FIGURES ARE BASED ON SHARES IN ISSUE OF 406,927,661

15)  Name of contact and telephone number for queries

PHIL WHITE (01757 612167)

16)  Name and signature of duly authorised officer of the listed company
     responsible for making this notification

PETER ROTHWELL, COMPANY SECRETARY

     Date of Notification ...  20 DECEMBER 2005  .....................








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