Holding(s) in Company

Drax Group PLC
20 June 2007

20 JUNE 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

Invesco plc
(see also additional information at 13. below)

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

5.  Date of the Transaction

15 and 18 June 2007

6.  Date on which issuer notified

19 June 2007

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

21%

8.  Notified Details

(A) Voting Rights Attached to shares
Number of Voting Rights (Indirect) - 74,500,804
% of Voting Rights (Direct) - 21.14%

(B) Financial Instruments
-

Total (A)+(B)
Total number of Voting Rights - 74,500,804
Total % of Voting Rights - 21.14%

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

ABN Amro Bank 145,142                                                         
Allianz Investment Bank AG Sub-Cus 94,664                                     
Bank of Ireland (Dublin) 908,945                                              
Bank Austria (Frankfurt) 55,664                                               
Banque Paribas (Frankfurt) 203,156                                            
BNP Paribas Jersey SA 105,089                                                 
Credit Agricole Indosuez (Luxembourg) 56,857                                  
JP Morgan Chase 1,518,719                                                     
Chase (Frankfurt) 21,834                                                      
Citibank 59,710,449                                                           
Credit Agricole Indosuez 269,983                                              
Deutsche Apothecar Und Aerzte 10,805                                          
Dresdner Bank (Frankfurt) 158,454                                             
EKK EG Kassel 4,482                                                           
Erste Bank (Vienna) 51,670                                                    
HSBC Bank Plc (London) 1,116,858                                              
KAS Bank, Amsterdam 48,145                                                    
Kommunal Kredit Deportbank AG (Austria) 33,519                                
Mellon Bank, Pittsburgh 510,201                                               
B.Metzler sel.Sohn & Co.KG (Frankfurt) 89,712                                 
Morgan Stanley (London) 114,047                                               
SCHI (Santander Central Hispanio Investment) 21,700                           
State Street Trust & Banking Co (London) 8,286,836                            
Northern Trust Company (London) 939,699                                       
WGZ Bank (Westdeutsche Genossensschafts Zentralbank) 17,541                   
WestLB Dusseldorf DE 6,633                                                    


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

From the records maintained at Companies House, the Company notes that on 
23 May 2007, AMVESCAP plc changed its name to its current name of INVESCO plc

The previous notification made by INVESCO plc (under its previous name AMVESCAP
plc) in respect of its holding in Drax was on 30 April 2007, at which point, 
the disclosable interest was 74,038,433 shares and voting rights representing 
20.06% of the issued share capital

All figures contained in this notification are based on shares in issue and
voting rights attached thereto of 352,402,304 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



                                   ---ENDS---



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