Holding(s) in Company

Drax Group PLC
29 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

STRATEGIC VALUE PARTNERS LLC

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.

STRATEGIC VALUE MASTER FUND, LTD                        -  9,703,467
STRATEGIC VALUE CREDIT OPPORTUNITIES MASTER FUND LP     -    178,028
MAN MAC 3 LIMITED                                       -  2,259,390

5)   Number of shares/amount of stock acquired.

N/A

6)   Percentage of issued Class

N/A

7)   Number of shares/amount of stock disposed

2,053,100

8)   Percentage of issued Class

0.50%

9)   Class of security

ORDINARY SHARES OF 10 PENCE EACH

10)  Date of transaction

ON OR BEFORE 23 DECEMBER 2005

11)  Date company informed

28 DECEMBER 2005

12)  Total holding following this notification

12,140,885
               
13)  Total percentage holding of issued class following this notification

2.98%

14)  Any additional information

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

STRATEGIC VALUE PARTNERS LLC NO LONGER HAS A NOTIFIABLE INTEREST IN DRAX GROUP 
PLC.

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 ................ 29 DECEMBER 2005 ........






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