Holding(s) in Company

Drax Group PLC
22 February 2007

22 FEBRUARY 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

Amvescap plc

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

-

5.       Date of the Transaction

21 February 2007

6.       Date on which issuer notified

22 February 2007

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

19%

8.       Notified Details

(A) Voting Rights Attached to shares
Number of Voting Rights (InDirect) - 70,198,112
% of Voting Rights (InDirect) - 19.02%

(B) Financial Instruments
-

Total (A)+(B)
Total number of Voting Rights - 70,198,112
Total % of Voting Rights - 19.02%


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

ABN Amro Bank 151,947                                                         
Bank of Ireland 952,436                                                       
Bank Austria (Frankfurt) 58,274                                               
Banque Paribas 126,057                                                        
BNP Paribas Jersey 110,016                                                 
Credit Agricole Indosuez (Luxembourg) 79,988                                  
Chase Nominees 1,113,197                                                      
Vidacos Nominees 56,376,439                                                   
Deutsche Apothecar Und Aerzte 11,312                                          
Dresdner Bank (Frankfurt) 16,104                                              
Erst Bank (Vienna) 29,737                                                     
HSBC 1,149,377                                                                
Kommunak Kredit Deportbank AG (Austria) 12,796                                
Mellon Bank (Pittsburgh) 553,267                                              
B.Metzler seel.Sohn & Co.KG (Frankfurt) 128,712                               
Morgan Stanley (London) 31,950                                                
Santander Central Hispanio Investment 22,718                                  
State Street London 8,217,047                                                 
Northern Trust Company (London) 1,015,838                                     
Westdeutsche Genossensschafts Zentralbank 33,956                              
Westlandebank Dusseldorf 6,944                                                


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

All figures in boxes 7, 8 and 9 are based on shares in issue and voting rights 
attached thereto of 368,921,151 ordinary shares of 11 1/29 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

Peter Rothwell, Company Secretary

                                    - ENDS -



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