Holding(s) in Company

Drax Group PLC
30 April 2007

30 APRIL 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

27 April 2007

6.       Date on which issuer notified

30 April 2007

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

19% and 20%

8.       Notified Details

(A) Voting Rights Attached to shares
Number of Voting Rights (InDirect) - 74,038,433
% of Voting Rights (Direct) - 20.06%

(B) Financial Instruments
-

Total (A)+(B)
Total number of Voting Rights - 74,038,433
Total % of Voting Rights - 20.06%

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 957,436                                                       
Bank Austria (Frankfurt) 58,274                                               
Banque Paribas 179,831                                                        
BNP Paribas Jersey 110,016                                                    
Credit Agricole Indosuez (Luxembourg) 79,988                                  
Chase Nominees 1,410,025                                                      
Vidacos Nominees 59,012,837                                                   
Deutsche Apothecar Und Aerzte 11,312                                          
Dresdner Bank (Frankfurt) 165,882                                             
Erste Bank (Vienna) 54,093                                                     
HSBC 1,179,377                                                                
Kommunak Kredit Deportbank AG (Austria) 12,796                                
Mellon Bank, Pittsburgh 553,267                                               
B.Metzler sel.Sohn & Co.KG (Frankfurt) 128,712                                
Morgan Stanley (London) 119,394                                               
Santander Central Hispanio Investment 22,718                                  
State Street Trust & Banking Co (London) 8,797,047                            
Northern Trust Company (London) 1,008,173                                     
Westdeutsche Genossensschafts Zentralbank 18,364                              
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

The previous notification made by AMVESCAP PLC in respect of its holding in 
Drax was on 12 February 2007, at which point, the disclosable interest was 
67,072,974 shares and voting rights representing 18.18% of the issued share 
capital.

All figures contained in this notification are based on shares in issue and
voting rights attached thereto on the date the btransaction occurrred (27 April
2007). The number in issue on that date were 368,921,162 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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