Holding(s) in Company

Drax Group PLC
30 October 2007


30 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

Lloyds TSB Group Plc


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

Boltro Nominees Ltd
Lloyds Bank (PEP) Nominees Ltd
State Street Nominees Ltd


5.  Date of the Transaction

29 October 2007


6.  Date on which issuer notified

30 October 2007


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

Increase to 5%


8.  Notified Details

(A) Voting Rights Attached to shares

Number of Voting Rights (Direct) - 17,252,508

% of Voting Rights (Direct) - 5.025%



(B) Financial Instruments
  -
Total (A)+(B)

Total number of Voting Rights - 17,252,508

Total % of Voting Rights - 5.025%



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

2,260 Shares are held by Boltro Nominees Ltd, a wholly owned subsidiary of
Lloyds TSB Bank Plc, a wholly owned subsidiary of Lloyds TSB Group Plc.

11,633 Shares are held by Lloyds Bank (Pep) Nominees Ltd, a wholly owned
subsidiary of Lloyds TSB Bank Plc, a wholly owned subsidiary of Lloyds TSB 
Group Plc.

17,238,615 Shares are held by State Street Nominees Ltd. Shares are under the
control of Scottish Widows Investment Partnership Ltd, a wholly owned 
subsidiary of Scottish Widows Investment Partnership Group Ltd, a wholly 
owned subsidiary of Scottish Widows Group Ltd, a wholly owned subsidiary 
of Lloyds TSB Bank plc, a wholly owned subsidiary of Lloyds TSB Group Plc.


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 Lloyds TSB Group Plc in respect of its 
holding in Drax was on 16 March 2007, at which point, the disclosable 
interest and voting rights represented 4.831% of the then issued share capital
This notification is based on shares in issue and voting rights attached 
thereto of 343,316,804 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



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