Holding(s) in Company

Drax Group PLC
24 October 2006


                                 Drax Group plc

                                 (Symbol: DRX)


                                  SCHEDULE 10


                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1.       Name of company

Drax Group plc


2.       Name of shareholder having a major interest

AMVESCAP PLC


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 on behalf of
discretionary clients.

AMVESCAP has advised that none of the shares contained in this notification are
beneficially owned by AMVESCAP.

See also the comments below under box 14 - Any Additional Information.


4.       Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them

ABN Amro Bank 151,947
Bank of Ireland (Dublin) 561,699
Bank Austria (Frankfurt) 58,274
Banque Paribas (Frankfurt) 131,828
Banque Paribas Jersey SA 33,844
Credit Agricole Indosuez (Luxembourg) 69,583
Chase Nominees 617,638
Vidacos Nominees 45,107,740
Deutsche Apothecar Und Aerzte 9,503
Dresdner Bank (Frankfurt) 16,104
Erst Bank (Vienna) 5,703
Feta (Luxembourg) 58,557
HSBC Bank Plc (London) 178,939
Kommunal Kreit Deportbank AG (Austria) 12,796
Mellon Bank, Pittsburgh 600,712
B.Metzler sel.Sohn & Co.KG (Frankfurt) 100,713
SCHI (Santander Central Hispanio Investment) 22,717
State Street Trust & Banking Co (London) 7,068,021
Northern Trust Company (London) 938,875
WGZ Bank 19,724


5.       Number of shares / amount of stock acquired

556,052


6.       Percentage of issued class

0.15%


7.       Number of shares / amount of stock disposed

N/A


8.       Percentage of issued class

N/A


9.       Class of security

Ordinary Shares of 11 1/29 pence each


10.   Date of transaction

On 18 October 2006


11.   Date company informed

23 October 2006


12.   Total holding following this notification

55,764,917


13.   Total percentage holding of issued class following this notification

15.11%


14.   Any additional information

Figures are based on shares in issue of 368,921,151

Based on:
(a) information received previously from Amvescap acting as agent for INVESCO
Perpetual; and
(b) further enquiries made,
Drax understands that at least 40,599,698 shares (as listed under Vidacos
Nominees in box 4 above) were also the subject of the separate notification made
on 19 October 2006 (RNS Number 7444K) in respect of INVESCO Perpetual UK
Investment Series, which makes up that organisation's 11.00% interest.


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

24 October 2006



                                   --ENDS--



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