Holding(s) in Company

Drax Group PLC
13 January 2006

                           SCHEDULE 10
 
             NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   NAME OF COMPANY

DRAX GROUP PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

ANGELO, GORDON & CO

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.

AG CNG FUND L.P.                           -    255,183
AG MM L.P.                                 -    174,838
PHS BAY COLONY FUND L.P.                   -    133,366
COMMONFUND EVENT-DRIVEN COMPANY            -    133,366
AGCR IV MASTER ACCOUNT, L.P.               -  4,080,303
AG ELEVEN PARTNERS L.P.                    -    924,047
GAM ARBITRAGE INVESTMENTS INC.             -    900,113
AG SUPER FUND INTERNATIONAL PARTNERS L.P.  -    655,198
NUTMEG PARTNERS L.P.                       -    350,276
PHS PATRIOT FUND L.P.                      -     62,991
AG PRINCESS L.P.                           -    135,466
AG SUPER FUND L.P.                         -  2,194,853 


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

5,257,230

8)   Percentage of issued Class

1.29%

9)   Class of security

ORDINARY SHARES OF 10 PENCE EACH

10)  Date of transaction

ON OR BEFORE 11 JANUARY 2006

11)  Date company informed

12 JANUARY 2006

12)  Total holding following this notification

10,000,000
               
13)  Total percentage holding of issued class following this notification

2.46%

14)  Any additional information

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

ANGELO, GORDON & CO 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 ............   13 JANUARY 2006 ............






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