Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: 

Drax Group plc

2. Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

X

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached.

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

(Total voting rights changed due to placing of new shares.)

Other (please specify):

3. Full name of person(s) subject to the notification obligation: 

Barclays Global Investors

4. Full name of shareholder(s)  (if different from 3.):

Barclays Global Fund Advisors

Barclays Global Investors Ltd

Barclays Global Investors, N.A.

5. Date of the transaction and date on which the threshold is crossed or reached: 

17 November 2009

6. Date on which issuer notified:

18 November 2009

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

From 3% to 4%

8. Notified details:

A: Voting rights attached to shares 

Class/type of shares

if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of voting rights

Direct

Indirect

Direct

Indirect

Ordinary Shares of 

11 16 / 29 pence each

GB00B1VNSX38

12,754,956

12,754,956

13,129,912

0

13,129,912

0.00

3.60

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ Conversion Period

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments 

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date 

Exercise/ Conversion period 

Number of voting rights instrument refers to

% of voting rights 

1,476,116

0.40

Total (A+B+C)

Number of voting rights

Percentage of voting rights

14,606,028

4.00

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

Barclays Global Fund Advisors

Barclays Global Investors Ltd

Barclays Global Investors, N.A.

Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will cease to hold:

N/A

12. Date on which proxy holder will cease to hold voting rights:

N/A

13. Additional information:

Notification using the total voting rights figure of  364,853,890

14. Contact name:

Phil White

Assistant Company Secretary

15. Contact telephone number:

01757 618381