Holding(s) in Company

Drax Group PLC
01 November 2007

1 November 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

Lloyds TSB Group Plc

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

Boltro Nominees Ltd
Lloyds Bank (PEP) Nominees Ltd
State Street Nominees Ltd

5.       Date of the Transaction

31 October 2007

6.       Date on which issuer notified

1 November 2007

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

Fallen below 5%


8.       Notified Details

(A) Voting Rights Attached to shares
Number of Voting Rights (Indirect) - 16,634,539
% of Voting Rights (Indirect) - 4.845%

(B) Financial Instruments
-

Total (A)+(B)
Total number of Voting Rights - 16,634,539
Total % of Voting Rights - 4.845%

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

2,260 Shares are held by Boltro Nominees Ltd, a wholly owned subsidiary of    
Lloyds TSB Bank Plc, a wholly owned subsidiary of Lloyds TSB Group Plc.      

11,633 Shares are held by Lloyds Bank (Pep) Nominees Ltd, a wholly owned      
subsidiary of Lloyds TSB Bank Plc, a wholly owned subsidiary of Lloyds TSB    
Group Plc.                                                                    

16,620,646 Shares are held by State Street Nominees Ltd. Shares are under the 
control of Scottish Widows Investment Partnership Ltd, a wholly owned         
subsidiary of Scottish Widows Investment Partnership Group Ltd, a wholly owned
subsidiary of Scottish Widows Group Ltd, a wholly owned subsidiary of Lloyds  
TSB Bank plc, a wholly owned subsidiary of Lloyds TSB Group Plc.              

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 31 October 2007, at which point, the disclosable interest and
voting rights represented 5.02% of the then issued share capital

This notification is based on shares in issue and voting rights attached thereto
of 343,316,804 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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