Holding(s) in Company

Drax Group PLC
29 December 2005

                           SCHEDULE 10
 
             NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   NAME OF COMPANY

     DRAX GROUP PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     DE SHAW LAMINAR PORTFOLIOS, L.L.C.

3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

     SHAREHOLDER NAMED IN 2 ABOVE AND ITS SUBSIDIARY COMPANIES

4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

     DE SHAW LAMINAR PORTFOLIOS, L.L.C.

5)   Number of shares/amount of stock acquired.

     N/A

6)   Percentage of issued Class

     N/A

7)   Number of shares/amount of stock disposed

     13,000,000

8)   Percentage of issued Class

     3.19%

9)   Class of security

     ORDINARY SHARES OF 10 PENCE EACH

10)  Date of transaction

     23 DECEMBER 2005

11)  Date company informed

     28 DECEMBER 2005

12)  Total holding following this notification

     6,959,441
               
13)  Total percentage holding of issued class following this notification

     1.71%

14)  Any additional information

     FIGURES ARE BASED ON SHARES IN ISSUE OF 406,927,661

     DE SHAW LAMINAR PORTFOLIOS, L.L.C. NO LONGER HOLDS A NOTIFIABLE INTEREST IN
     DRAX GROUP PLC

15)  Name of contact and telephone number for queries

     PHIL WHITE (01757 612167)

16)  Name and signature of authorised company official responsible for 
     making this notification

     PETER ROTHWELL, COMPANY SECRETARY

     Date of Notification     29.12.05




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