Holding(s) in Company

Drax Group PLC
02 November 2006



Thursday 2 November 2006


                                 DRAX GROUP PLC

                           ('Drax' or the 'Company')


                                 (Symbol: DRX)


                                  SCHEDULE 10


                   NOTIFICATION OF MAJOR INTERESTS IN SHARES



On 1 November 2006, Drax received a notification on behalf of Deutsche Bank AG
which advised that Deutsche Bank AG and its subsidiary companies had a
notifiable interest in 21,196,102 ordinary shares of 11 1/29 pence each in Drax
Group plc; this represents approximately 5.75% of the issued share capital of
Drax.


Deutsche Bank AG's previous position (as advised to the Company on 6 October
2006) was that it had an interest in 4.67% of the then issued share capital of
Drax.


For information, the number of ordinary shares of 11 1/29 pence each of Drax
in issue at the date of this notification is 368,921,151.


                                   ---ENDS---



                      This information is provided by RNS
            The company news service from the London Stock Exchange