Holding(s) in Company

Drax Group PLC
11 March 2008

11 March 2008
                                 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

Morgan Stanley Investment Management Limited ('MSIM')

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

Various clients for which MSIM has voting authority

5.       Date of the Transaction

7 March 2008

6.       Date on which issuer notified

11 March 2008

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

< 5%

8.       Notified Details

(A) Voting Rights Attached to shares

Number of Voting Rights (Direct) - 16,824,395

% of Voting Rights (Direct) - 4.9571%

Number of Voting Rights (Indirect) - 0

% of Voting Rights (Direct) - 0%


(B) Financial Instruments
-

Total (A)+(B)

Total number of Voting Rights - 16,824,395

Total % of Voting Rights - 4.9571%


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

The number of shares in issue are 339,397,000 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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