Closure of Investigation by the FCA

Summary by AI ^BETAClose X

Drax Group plc has announced that the Financial Conduct Authority (FCA) has closed its investigation into the company, which commenced on 28 August 2025, with no action to be taken. The investigation, covering the period from January 2022 to March 2024, examined historical statements regarding biomass sourcing and compliance of the 2021, 2022, and 2023 Annual Reports with Listing Rules and Disclosure Guidance and Transparency Rules. The FCA has confirmed it has no further concerns, and Drax expressed satisfaction with the closure of the investigation.

Disclaimer*

Drax Group PLC

18 June 2026

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

18 June 2026

Drax Group plc

("Drax", "The Company"; Symbol: DRX)

Closure of Investigation by the Financial Conduct Authority (FCA)

Drax confirms that the FCA has closed its investigation into the Company, which was announced on 28 August 2025, and no action will be taken.

The investigation covered the period January 2022 to March 2024 and related to certain historical statements regarding Drax's biomass sourcing and the compliance of Drax's 2021, 2022 and 2023 Annual Reports with the Listing Rules and Disclosure Guidance and Transparency Rules.

The FCA has confirmed that it has no concerns warranting further investigation.

Commenting on the closure of the investigation, Will Gardiner, CEO of Drax said, "We recognise the importance of compliance with our regulatory obligations and have worked constructively with the FCA throughout this investigation.

We are pleased to see the investigation closed with no action being taken."

Enquiries:

Drax Investor Relations:

Mark Strafford

mark.strafford@drax.com

+44 (0) 7730 763 949

Chris Simpson

Chris.Simpson@drax.com

+44 (0) 7923 257 815

Media:

Drax External Communications:

Chris Mostyn

chris.mostyn@drax.com

+44 (0) 7743 963 483

Andy Low

Andrew.Low@drax.com

+44 (0) 7841 068 415

Website: www.drax.com

LEI: 549300YPSNTXR4ZHSR98

ISIN: GB00B1VNSX38

This announcement contains Inside Information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this Announcement via a Regulatory Information Service, this inside information will be in the public domain. The person responsible for arranging for the release of this Announcement is Rebecca Dunn (Company Secretary).

ENDS

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END