Holding(s) in Company

Drax Group PLC
21 March 2007


21 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

An acquisition or disposal of voting rights


3.       Full name of person(s) subject to the notification obligation

Deutsche Bank AG


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

 -


5.       Date of the Transaction

16 March 2007


6.       Date on which issuer notified

20 March 2007


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

  4%


8.       Notified Details

(A) Voting Rights Attached to shares

Number of Voting Rights (Direct) - 14,708,973

% of Voting Rights (Direct) - 3.99%

(B) Financial Instruments

  -

Total (A)+(B)

Total number of Voting Rights - 14,708,973

Total % of Voting Rights - 3.99%


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 Deutsche Bank AG in respect of its holding in
Drax was on 05 March 2007, at which point, the disclosable interest was
15,173,047 shares and voting rights representing 4.11% 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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