Holding(s) in Company

Drax Group PLC
06 January 2006

                           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 FUND L.P. - 388,983
     AG MM L.P. - 266,938
     PHS BAY COLONY FUND L.P. - 204,866
     COMMONFUND EVENT-DRIVEN COMPANY - 204,866
     AGCR IV MASTER ACCOUNT L.P. - 6,228,103
     AG ELEVEN PARTNERS L.P. - 1,407,747
     GAM ARBITRAGE INVESTMENTS INC - 1,373,243
     AG SUPER FUND INTERNATIONAL PARTNERS L.P. - 999,298
     NUTMEG PARTNERS L.P. - 534,476
     PHS PATRIOT FUND L.P. - 97,591
     AG PRINCESS L.P. - 204,866
     AG SUPER FUND L.P. - 3,346,253
    


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

     7,410,669

8)   Percentage of issued Class

     1.82%

9)   Class of security

     ORDINARY SHARES OF 10 PENCE EACH


10)  Date of transaction

     ON OR BEFORE 04 JANUARY 2006


11)  Date company informed

     05 JANUARY 2006


12)  Total holding following this notification

     15,257,230

               
13)  Total percentage holding of issued class following this notification

      3.75%

 
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     06 JANUARY 2006


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