Holding(s) in Company

Drax Group PLC
28 November 2007

28 November 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 and change in issued share capital

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

Lloyds TSB Group Plc

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

Boltro Nominees Ltd
Lloyds Bank (PEP) Nominees Ltd
State Street Nominees Ltd

5.       Date of the Transaction

27 November 2007

6.       Date on which issuer notified

28 November 2007

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

Fallen below 4%

8.       Notified Details

(A) Voting Rights Attached to shares
Number of Voting Rights (Indirect) - 13,335,587
% of Voting Rights (Indirect) - 3.915%

(B) Financial Instruments
-

Total (A)+(B)
Total number of Voting Rights - 13,335,587
Total % of Voting Rights - 3.915%

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

2,260 Shares are held by Boltro Nominees Ltd, a wholly owned subsidiary of    
Lloyds TSB Bank Plc, a wholly owned subsidiary of Lloyds TSB Group Plc.       

11,433 Shares are held by Lloyds Bank (Pep) Nominees Ltd, a wholly owned      
subsidiary of Lloyds TSB Bank Plc, a wholly owned subsidiary of Lloyds TSB    
Group Plc.                                                                    

13,321,894 Shares are held by State Street Nominees Ltd. Shares are under the 
control of Scottish Widows Investment Partnership Ltd, a wholly owned         
subsidiary of Scottish Widows Investment Partnership Group Ltd, a wholly owned
subsidiary of Scottish Widows Group Ltd, a wholly owned subsidiary of Lloyds  
TSB Bank plc, a wholly owned subsidiary of Lloyds TSB Group Plc.              

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 Lloyds TSB Group Plc in respect of its holding
in Drax was on 1 November 2007, at which point, the disclosable interest and
voting rights represented 4.845% of the then issued share capital

This notification is based on shares in issue and voting rights attached thereto
of 340,604,804 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 ---



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