Holding(s) in Company

Drax Group PLC
07 February 2007


07 FEBRUARY 2007

                                 DRAX GROUP PLC

                           ('Drax' or the 'Company')

                                  Symbol: DRX

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES



1. Name of Issuer

Drax Group plc

2. Reason for notification

An acquisition or disposal of voting rights

3. Full name of person(s) subject to the notification obligation

Deutsche Bank AG

4. Full name of the shareholder(s) (if different from 3 above)

Deutsche Bank AG
Tilney Group Limited
DWS Investment (Austria) GMBH

5. Date of the Transaction

05 February 2007

6. Date on which issuer notified

06 February 2007

7. Threshold(s) that is /are crossed or reached

5%

8. Notified Details

(A) Voting Rights Attached to shares

Number of Voting Rights (Direct) - 18,326,682
% of Voting Rights (Direct) - 4.97%

Number of Voting rights (Indirect) - 159,903
% of Voting Rights (Indirect) - 0.04%

(B) Financial Instruments
-

Total (A)+(B)
Total number of Voting Rights - 18,486,585
Total % of Voting Rights - 5.01%

9. Chain of controlled undertakings through which the voting rights and/or
the financial instruments are effectively held

-

Proxy Voting

10. Name of Proxy holder

-

11. Number of voting rights proxy holder will cease to hold

-

12. Date on which proxy holder will cease to hold voting rights

-
                                                                             
13. Any additional information

This is the first disclosure made on behalf of Deutsche Bank AG since the
implementation of the Disclosure and Transparency Rules in the UK

The previous notification made by Deutsche Bank AG in respect of its holding in
Drax was on 09 November 2006, at which point, the disclosable interest was
16,530,359 shares representing 4.48% of the issued share capital

All figures are based on shares in issue and voting rights attached thereto of
368,921,151 ordinary shares of 11 1/29 pence each.

14. Name of contact and telephone number for queries

Phil White (01757 612167)

15. Name and signature of authorised company official responsible for making
this notification

Peter Rothwell, Company Secretary



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