Holding(s) in Company

Drax Group PLC
15 August 2007

15 August 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

     10 August 2007

6.   Date on which issuer notified

     14 August 2007

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

     24%

8.   Notified Details 

(A)  Voting Rights Attached to shares
Number of Voting Rights (Indirect) - 85,053,471
% of Voting Rights (Direct) - 24.13%

(B) Financial Instruments

-

Total (A)+(B)
Total number of Voting Rights - 85,053,471
Total % of Voting Rights - 24.13%
     
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 - 94,664                                   
Bank of Ireland (Dublin) - 920,641                                            
Bank of Austria (Frankfurt) - 104,818                                         
Bank of New York - 48,843                                                     
Banque Paribas - 101,018                                                      
Banque Paribas (Frankfurt) - 382,366                                          
BNP Paribas Jersey SA - 138,943                                               
Credit Agricole Indosuez (Luxembourg) - 188,192                               
JP Morgan Chase - 2,128,156                                                   
Chase (Frankfurt) - 21,834                                                    
Citibank - 67,200,223                                                         
Credit Agricole Indosuez - 269,983                                            
Citibank (Hong Kong) - 88,524                                                 
Deut Apoth Und Aerzte - 16,605                                                
Dresdner Bank (Frankfurt) - 113,063                                           
EKK EG Kassel - 4,482                                                         
Erste Bank (Vienna) - 51,670                                                  
HSBC Bank Plc (London) - 1,151,229                                            
KAS Bank, Amsterdam - 48,145                                                  
Kommunal Kredit Depotbank AG (Austria) - 41,863                               
Landersbank Hessen-Thuringen Girozentrale - 90,477                            
Mellon Bank, Pittsburg - 514,215                                              
B. Metzler seel.Sohn & Co.KG (Frankfurt) - 153,930                            
Morgan Stanley (London) - 76,194                                              
National Cust Servs AU - 270,380                                              
SCHI (Santander Central Hispano Ivestment) - 38,719                           
State Street Trust & Banking (London) - 8,433,592                             
Northern Trust Company (London) - 1,754,383                                   
WGZ Bank (Westdeutsche Genossensschafts Zentralbank) - 31,386                 
WestLB Dusseldorf DE - 6,633                                                  
Other - 45,847                                                                

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 02 August 2007, at which point, the disclosable interest was 
     81,177,279 shares and voting rights representing 23.03% of the issued share 
     capital

     All figures contained in this notification are based on shares in issue and
     voting rights attached thereto of 352,402,304 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