Holding(s) in Company

Drax Group PLC
30 January 2008


30 January 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

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

29 January 2008


6.       Date on which issuer notified

30 January 2008


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) - 13,547,471
% of Voting Rights (Indirect) - 3.992%
(B) Financial Instruments
  -
Total (A)+(B)
Total number of Voting Rights - 13,547,471
Total % of Voting Rights - 3.992%


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.
11,156 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.
13,534,055 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

This notification is based on shares in issue and voting rights attached thereto
of 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



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