Holding(s) in Company

Drax Group PLC
02 August 2007

02 August 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

Invesco plc

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

-

5.       Date of the Transaction

31 July 2007

6.       Date on which issuer notified

01 August 2007

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

23%

8.       Notified Details

(A) Voting Rights Attached to shares
Number of Voting Rights (Indirect) - 81,177,279
% of Voting Rights (Direct) - 23.03%

(B) Financial Instruments
-

Total (A)+(B)
Total number of Voting Rights - 81,177,279
Total % of Voting Rights - 23.03%

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

ABN Amro Bank 262,468                                                         
Allianz Investment Bank AG Sub-Cus 94,664                                     
Bank of Ireland (Dublin) 920,641                                              
Bank Austria (Frankfurt) 104,818                                              
Bank of New York 48,843                                                       
Banque Paribas (Frankfurt) 382,366                                            
BNP Paribas Jersey SA 138,943                                                 
Credit Agricole Indosuez (Luxembourg) 162,553                                 
JP Morgan Chase 1,661,870                                                     
Chase (Frankfurt) 21,834                                                      
Citibank 64,287,052                                                           
Credit Agricole Indosuez 269,983                                              
Citibank (Hong Kong) 88,524                                                   
Deutsche Apothecar Und Aerzte 16,605                                          
Dresdner Bank (Frankfurt) 113,063                                             
EKK EG Kassel 4,482                                                           
Erste Bank (Vienna) 51,670                                                    
HSBC Bank Plc (London) 1,151,229                                              
KAS Bank, Amsterdam 48,145                                                    
Kommunal Kredit Deportbank AG (Austria) 41,863                                
Landersbank Hessen - Thuringen Girozentrate 90,477                            
Mellon Bank, Pittsburgh 514,215                                               
B.Metzler sel.Sohn & Co.KG (Frankfurt) 153,930                                
Morgan Stanley (London) 76,194                                                
National Cust Serv AU 270,380                                                 
SCHI (Santander Central Hispanio Investment) 33,724                           
State Street Trust & Banking Co (London) 8,413,592                            
Northern Trust Company (London) 1,683,112                                     
WGZ Bank (Westdeutsche Genossensschafts Zentralbank) 17,541                   
WestLB Dusseldorf DE 6,633                                                    
Other - 45,847                                                                

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

The previous notification made by INVESCO plc in respect of its holding in Drax
was on 16 July 2007, at which point, the disclosable interest was 77,590,462
shares and voting rights representing 22.01% of the issued share capital
All figures contained in this notification are based on shares in issue and
voting rights attached thereto of 352,402,304 ordinary shares of 11 16/29 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

Philip Hudson, Company Secretary

                                   ---ENDS---



                      This information is provided by RNS
            The company news service from the London Stock Exchange