Holding(s) in Company

Drax Group PLC
21 January 2008


21 January 2008

                                 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


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

     -


5.   Date of the Transaction

     17 January 2008


6.   Date on which issuer notified

     18 January 2008


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

     28% to 29%


8.   Notified Details

     (A) Voting Rights Attached to shares
     Number of Voting Rights (Indirect) - 98,601,427
     % of Voting Rights (Direct) - 29.05%
     (B) Financial Instruments
     -
     Total (A)+(B)
     Total number of Voting Rights - 98,601,427
     Total % of Voting Rights - 29.05%


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

     ABN Amro Bank - 522,453
     Allianz Investment Bank AG Sub-Cus - 173,154
     Bank of Ireland (Dublin) - 600,048
     Bank Austria (Frankfurt) - 67,805
     Bank of New York - 124,050
     Banque Paribas - 285,911
     Banque Paribas (Frankfurt) - 360,487
     BNP Paribas Jersey SA - 84,423
     Bank of New York (Brussels) - 42,043
     Credit Agricole Indosuez (Luxembourg) - 163,509
     Chase Bank - 130,068
     JP Morgan Chase - 2,766,674
     Chase (Frankfurt) - 138,274
     Citibank - 77,742,492
     Credit Agricole Indosuez - 640,093
     Citibank (Hong Kong) - 88,524
     Deut Apoth Und Aerzte - 16,605
     Dresdner Bank (Frankfurt) - 52,009
     EKK EG Kassel - 10,822
     Erste Bank (Vienna) - 51,670
     HSBC Bank Plc (London) - 1,073,801
     Japan Trustee Services Bank - 25,343
     KAS Bank, Amsterdam - 139,183
     Landersbank Hessen-Thuringen Girozentrale - 90,247
     Mellon Bank, Pittsburg - 666,035
     B.Metzler seel.Sohn & Co.KG (Frankfurt) - 153,932
     Morgan Stanley (London) - 103,380
     National Cust Servs AU - 270,380
     SCHI (Santander Central Hispano Ivestment) - 43,064
     State Street Trust & Banking (London) - 10,085,399
     Trust & Custody Servs JP - 136,826
     Northern Trust Company (London) - 1,648,984
     Vorarlberger Landes-und Hypothekenbk Akti - 61,702
     WGZ Bank (Westdeutsche Genossensschafts Zentralbank) - 11,746
     Other - 30,291


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

     This notification is based on shares in issue and voting rights attached 
     thereto of 339,397,000 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



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