Holding(s) in Company

Drax Group PLC 15 October 2007 15 October 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 Invesco plc 4. Full name of the shareholder(s) (if different from 3 above) - 5. Date of the Transaction 11 October 2007 6. Date on which issuer notified 12 October 2007 7. Threshold(s) that is /are crossed or reached 27% 8. Notified Details (A) Voting Rights Attached to shares Number of Voting Rights (Indirect) - 93,741,569 % of Voting Rights (Direct) - 27.12% (B) Financial Instruments - Total (A)+(B) Total number of Voting Rights - 93,741,569 Total % of Voting Rights - 27.12% 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 - 205,661 Bank of Ireland (Dublin) - 995,641 Bank Austria (Frankfurt) - 104,818 Bank of New York - 118,395 Banque Paribas - 300,769 Banque Paribas (Frankfurt) - 441,445 BNP Paribas Jersey SA - 102,610 Bank of New York (Brussels) - 38,902 Credit Agricole Indosuez (Luxembourg) - 188,192 Chase Bank - 94,644 JP Morgan Chase - 2,918,672 Chase (Frankfurt) - 145,467 Citibank - 72,371,627 Credit Agricole Indosuez - 887,302 Citibank (Hong Kong) - 88,524 Deut Apoth Und Aerzte - 16,605 Dresdner Bank (Frankfurt) - 52,009 EKK EG Kassel - 13,000 Erste Bank (Vienna) - 51,670 HSBC Bank Plc (London) - 1,211,229 Japan Trustee Services Bank - 1,560 KAS Bank, Amsterdam - 148,869 Kommunal Kredit Depotbank AG (Austria) - 20,567 Landersbank Hessen-Thuringen Girozentrale - 90,477 Mellon Bank, Pittsburg - 609,215 B.Metzler seel.Sohn & Co.KG (Frankfurt) - 153,931 Morgan Stanley (London) - 100,623 National Cust Servs AU - 270,380 SCHI (Santander Central Hispano Ivestment) - 47,860 State Street Trust & Banking (London) - 9,503,592 Trust & Custody Servs JP - 4,799 Northern Trust Company (London) - 1,783,663 Vorarlberger Landes-und Hypothekenbk Akti - 47,704 WGZ Bank (Westdeutsche Genossensschafts Zentralbank) - 29,287 WestLB Dusseldorf DE - 6,633 Other - 52,774 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 Invesco plc in respect of its holding in Drax was on 24 September 2007, at which point, the disclosable interest was 91,212,877 shares and voting rights representing 26.08% of the issued share capital This notification is based on shares in issue and voting rights attached thereto of 345,560,804 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- This information is provided by RNS The company news service from the London Stock Exchange

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Drax Group (DRX)
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