Holding(s) in Company

Drax Group PLC
20 March 2008



20 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

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

18 March 2008

6. Date on which issuer notified

19 March 2008

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

Below 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) - 15,923,220
% of Voting Rights (InDirect) - 4.692%

(B) Financial Instruments
-

Total (A)+(B)
Total number of Voting Rights - 15,923,220
Total % of Voting Rights - 4.692%

9. Chain of controlled undertakings through which the voting rights and/or
the 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
RBC Dexia Investor Services Bank A/c PTG4268          79,417
Chase Nominees Ltd A/c 42048                          31,387
Littledown Nominees Ltd A/c 47182                     14,076
State Street Nominees Ltd A/c 401323                  78,327
William & Glyns (Isle of Man) Nominees Ltd A/c 301780 32,500
William & Glyns (Isle of Man) Nominees Ltd A/c 301778 19,599
William & Glyns (Isle of Man) Nominees Ltd A/c 301781 16,902
Littledown Nominees Ltd A/c 03449                    510,000
Littledown Nominees Ltd A/c 02891                 11,664,362
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                     10,354
Littledown Nominees Ltd A/c 10497                    300,000
Littledown Nominees Ltd A/c 18667                    132,909
Littledown Nominees Ltd A/c 10469                    142,814
Littledown Nominees Ltd A/c 10496                    595,940
Littledown Nominees Ltd A/c 10493                    228,162
Littledown Nominees Ltd A/c 10491                    678,745
Littledown Nominees Ltd A/c 10495                  1,125,000

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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