Holding(s) in Company

Drax Group PLC
09 November 2007


9 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


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

Ameriprise Financial Inc. and its group


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

See additional information under 13.


5.       Date of the Transaction

7 November 2007


6.       Date on which issuer notified

8 November 2007


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

Above 5%


8.       Notified Details

(A) Voting Rights Attached to shares
Number of Voting Rights (Direct) - 0
% of Voting Rights (Direct) - 0.00%
Number of Voting Rights (InDirect) - 17,187,472
% of Voting Rights (InDirect) - 5.020%
(B) Financial Instruments
  -
Total (A)+(B)
Total number of Voting Rights - 17,187,472
Total % of Voting Rights - 5.020%


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

Ameriprise Financial, Inc., which controls the voting rights of
Threadneedle Asset Management Holdings Ltd, which controls the voting rights of
Threadneedle Asset Management Ltd, Threadneedle International Ltd and
Threadneedle Pensions Ltd


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

Littledown Nominees Ltd A/c 35822 10,000
Dexia Bil Investor Services Bank A/c PTG4268 94,417
Chase Nominees Ltd A/c 41407 36,017
Chase Nominees Ltd A/c 42048 47,908
Littledown Nominees Ltd A/c 47182 26,199
William & Glyns (Isle of Man) Nominees Ltd A/c 301780 32,500
William & Glyns (Isle of Man) Nominees Ltd A/c 301778 31,550
William & Glyns (Isle of Man) Nominees Ltd A/c 301781 28,678
Littledown Nominees Ltd A/c 03449 443,687
Littledown Nominees Ltd A/c 02891 11,495,200
The Bank of New York (Nominees) Ltd A/c 961032 247,726
Littledown Nominees Ltd A/c 11121 7,000
Littledown Nominees Ltd A/c 10479 11,554
Littledown Nominees Ltd A/c 10497 400,000
Littledown Nominees Ltd A/c 18667 105,603
Littledown Nominees Ltd A/c 10469 142,814
Littledown Nominees Ltd A/c 10496 491,926
Littledown Nominees Ltd A/c 10493 228,162
Littledown Nominees Ltd A/c 10491 2,337,563
Littledown Nominees Ltd A/c 10495 968,968


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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