Holding(s) in Company

Drax Group PLC
16 March 2007


16 MARCH 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

EU Transparency Directive


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)

 -


5.       Date of the Transaction

N/A


6.       Date on which issuer notified

16 March 2007


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

N/A


8.       Notified Details

(A) Voting Rights Attached to shares
Number of Voting Rights (Direct) - 17,821,376
% of Voting Rights (Direct) - 4.831%
Number of Voting rights (Indirect) - 10,869
% of Voting Rights (Indirect) - 0.003%
(B) Financial Instruments
  -
Total (A)+(B)
Total number of Voting Rights - 17,832,245
Total % of Voting Rights - 4.834%


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 previous notification made by Lloyds TSB Group plc in respect of its holding
in Drax was on 01 March 2007, at which point, the disclosable interest was
18,057,896 shares representing 4.895% of the issued share capital
All figures 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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