Holding(s) in Company

Drax Group PLC
20 December 2005

                             SCHEDULE 10
 
             NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   NAME OF COMPANY

     DRAX GROUP PLC


2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     ANGELO, GORDON & CO


3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or 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.

     
     AG CNG L.P.                                 576,283
     AG MM L.P                                   392,938
     AG ARB PARTNERS L.P                       1,186,814
     PHS BAY COLONY FUND L.P                     302,266
     COMMONFUND EVENT-DRIVEN COMPANY             302,266
     AGCR IV MASTER ACCOUNT L.P                9,268,503
     AG ELEVEN PARTNERS L.P                    2,089,447
     GAM ARBITRAGE INVESTMENTS INC.            2,040,112
     AG SUPER FUND INTERNATIONAL PARTNERS L.P  1,482,998
     NUTMEG PARTNERS L.P                         793,876
     PHS PATRIOT FUND L.P                        144,091
     AG PRINCESS L.P                             302,266
     AG SUPER FUND L.P.                        3,786,039  


5)   Number of shares/amount of stock acquired.

     30,167,899 (IMMEDIATELY UPON LISTING ON 15 DECEMBER 2005)


6)   Percentage of issued Class

     7.41%

7)   Number of shares/amount of stock disposed

     7,500,000 (DURING THE COURSE OF 15 DECEMBER 2005)

8)   Percentage of issued Class

     1.84%

9)   Class of security

     ORDINARY SHARES OF 10 PENCE EACH


10)  Date of transaction

     15 DECEMBER 2005


11)  Date company informed

     19 DECEMBER 2005


12)  Total holding following this notification

     22,667,899

               
13)  Total percentage holding of issued class following this notification

     5.57%


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 authorised company official responsible for 
     making this notification

          PETER ROTHWELL, COMPANY SECRETARY

     Date of Notification     20 DECEMBER 2005







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