Holding(s) in Company

Drax Group PLC
24 September 2007


24 September 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

20 September 2007

6.       Date on which issuer notified

21 September 2007

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

26%

8.       Notified Details

(A) Voting Rights Attached to shares


Number of Voting Rights (Indirect) - 91,212,877


% of Voting Rights (Direct) - 26.08%

(B) Financial Instruments
-

Total (A)+(B)


Total number of Voting Rights - 91,212,877


Total % of Voting Rights - 26.08%

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 - 205,661                                  
Bank of Ireland (Dublin) - 960,641                                            
Bank Austria (Frankfurt) - 104,818                                            
Bank of New York - 102,453                                                    
Banque Paribas - 212,395                                                      
Banque Paribas (Frankfurt) - 441,445                                          
BNP Paribas Jersey SA - 138,943                                               
Bank of New York (Brussels) - 30,002                                          
Credit Agricole Indosuez (Luxembourg) - 188,192                               
Chase Bank - 72,984                                                           
JP Morgan Chase - 2,535,060                                                   
Chase (Frankfurt) - 145,467                                                   
Citibank - 70,748,420                                                         
Credit Agricole Indosuez - 887,302                                            
Citibank (Hong Kong) - 88,524                                                 
Deut Apoth Und Aerzte - 16,605                                                
Dresdner Bank (Frankfurt) - 52,009                                            
EKK EG Kassel - 13,000                                                        
Erste Bank (Vienna) - 51,670                                                  
HSBC Bank Plc (London) - 1,161,229                                            
Japan Trustee Services Bank - 1,211                                           
KAS Bank, Amsterdam - 148,869                                                 
Kommunal Kredit Depotbank AG (Austria) - 82,684                               
Landersbank Hessen-Thuringen Girozentrale - 90,477                            
Mellon Bank, Pittsburg - 564,215                                              
B.Metzler seel.Sohn & Co.KG (Frankfurt) - 153,931                             
Morgan Stanley (London) - 100,623                                             
National Cust Servs AU - 270,380                                              
SCHI (Santander Central Hispano Ivestment) - 43,801                           
State Street Trust & Banking (London) - 9,203,592                             
Trust & Custody Servs JP - 3,700                                              
Northern Trust Company (London) - 1,774,383                                   
WGZ Bank (Westdeutsche Genossensschafts Zentralbank) - 31,386                 
WestLB Dusseldorf DE - 6,633                                                  
Other - 57,719                                                                

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 20 August 2007, at which point, the disclosable interest was 88,462,355
shares and voting rights representing 25.10% of the issued share capital

All figures contained in this notification are based on shares in issue and
voting rights attached thereto of 349,659,804 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

                                   ---ENDS---


                      This information is provided by RNS
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