Holding(s) in Company

Drax Group PLC
20 August 2007

20 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

17 August 2007

6.       Date on which issuer notified

20 August 2007

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

25%

8.       Notified Details

(A) Voting Rights Attached to shares
Number of Voting Rights (Indirect) - 88,462,355
% of Voting Rights (Direct) - 25.10%

(B) Financial Instruments
-

Total (A)+(B)
Total number of Voting Rights - 88,462,355
Total % of Voting Rights - 25.10%

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

ABN Amro Bank - 522,453                                                       
Bank of Ireland (Dublin) - 920,641                                            
Bank of New York - 54,783                                                     
Bank of New York (Brussels) - 3,323                                           
Banque Paribas - 167,362                                                      
BNP Paribas Jersey SA - 138,943                                               
Credit Agricole Indosuez (Luxembourg) - 188,192                               
JP Morgan Chase - 2,366,908                                                   
Chase Bank (Hong Kong) - 8,090                                                
Citibank - 69,027,022                                                         
Credit Agricole Indosuez - 887,302                                            
Citibank (Hong Kong) - 88,524                                                 
HSBC Bank Plc (London) - 1,151,229                                            
Japan Trustee Services Bank - 135                                             
KAS Bank, Amsterdam - 148,869                                                 
Mellon Bank, Pittsburg - 514,215                                              
Morgan Stanley (London) - 109,399                                             
National Cust Servs AU - 270,380                                              
SCHI (Santander Central Hispano Ivestment) - 8,013                            
State Street Trust & Banking (London) - 8,653,592                             
Northern Trust Company (London) - 1,754,383                                   
Trust & Custody Servs JP - 410                                                
Bear Stearns - 23,715                                                         
Other - 1,454,472                                                             

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 14 August 2007, at which point, the disclosable interest was 85,053,471
shares and voting rights representing 24.13% 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---



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