Holding(s) in Company

Drax Group PLC
21 September 2007


21 September 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

     Ameriprise Financial Inc. and its group


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

     See additional information under 13.


5.   Date of the Transaction

     20 September 2007


6.   Date on which issuer notified

     21 September 2007


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

     Below 5%


8.   Notified Details

(A) Voting Rights Attached to shares
Number of Voting Rights (Direct) - 0
% of Voting Rights (Direct) - 0.00%
Number of Voting Rights (InDirect) - 17,218,162
% of Voting Rights (InDirect) - 4.924%
(B) Financial Instruments
  -
Total (A)+(B)
Total number of Voting Rights - 17,218,162
Total % of Voting Rights - 4.924%


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

     Ameriprise Financial, Inc., which controls the voting rights of
     Threadneedle Asset Management Holdings Ltd, which controls the voting 
     rights of Threadneedle Asset Management Ltd, Threadneedle International 
     Ltd and Threadneedle Pensions Ltd


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

     William & Glyns (Isle of Man) Nominees Ltd A/c 301780 32,500
     William & Glyns (Isle of Man) Nominees Ltd A/c 301778 32,187
     William & Glyns (Isle of Man) Nominees Ltd A/c 301781 29,548
     Littledown Nominees Ltd A/c 03449 340,000
     Littledown Nominees Ltd A/c 02891 12,016,077
     The Bank of New York (Nominees) Ltd A/c 961032 247,726
     Littledown Nominees Ltd A/c 35822 10,000
     Littledown Nominees Ltd A/c 11121 7,000
     Littledown Nominees Ltd A/c 10479 11,554
     Chetwynd Nominees Ltd IPB A/c XTHRF11 26,756
     Chetwynd Nominees Ltd IPB A/c XTHRF31 1,560
     Chase Nominees Ltd A/c 42048 50,008
     Dexia Bil Sub A/c American Express A/c PTG4268 94,417
     Littledown Nominees Ltd A/c 10497 466,890
     Littledown Nominees Ltd A/c 18667 62,909
     Littledown Nominees Ltd A/c 10469 142,814
     Littledown Nominees Ltd A/c 10496 329,292
     Littledown Nominees Ltd A/c 10492 228,162
     Littledown Nominees Ltd A/c 10491 2,337,563
     Littledown Nominees Ltd A/c 10495 725,000
     Littledown Nominees Ltd A/c 47182 26,199


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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