Holding(s) in Company

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

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

X

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

X

An event changing the breakdown of voting rights

Other (please specify):

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

Deutsche Bank AG

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

Deutsche Bank AG, London Branch

5. Date of the transaction and date on which the threshold is crossed orreached: v

26/11/2015

6. Date on which issuer notified:

30/11/2015

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

5%,6%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

Ordinary

11.55172p Shares

GB00B1VNSX38

Below Notifiable Threshold

Below Notifiable Threshold

12,383,359

12,383,359

0

3.05%

0

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

Right to Recall

26,602

0.01%

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

CFD

12,287,533

Nominal

Delta

3.02%

3.02%

Total (A+B+C)

Number of voting rights

Percentage of voting rights

24,700,494

6.08%

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

Deutsche Bank AG, London Branch - 6.08%

Proxy Voting:

10. Name of the 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. Additional information:

Total CFD Holding - see appendix

14. Contact name:

Laura Dobson

Assistant Company Secretary

15. Contact telephone number:

01757 612778

Type of financial instrument

Maturity date

Number of voting rights instrument refers to

CFD

04-Oct-16

45,033

CFD

18-Dec-15

691,837

CFD

20-Jul-16

19,143

CFD

31-Aug-16

914,657

CFD

02-Mar-16

4,536

CFD

04-Apr-16

59

CFD

13-Jul-16

28,546

CFD

14-Mar-16

1,077,790

CFD

13-Jan-16

35,217

CFD

14-Dec-15

292,399

CFD

05-Jan-16

325,753

CFD

02-Jun-16

19,997

CFD

11-May-17

20,300

CFD

19-Aug-16

36,475

CFD

21-Sep-16

1,108,765

CFD

21-Jun-16

516,091

CFD

27-Jul-16

385,811

CFD

18-Mar-16

2,106,694

CFD

22-Jun-16

221,160

CFD

21-Dec-15

1,029,812

CFD

19-Oct-16

75,400

CFD

19-Jan-16

43,131

CFD

02-Nov-16

26

CFD

04-Jul-16

8,529

CFD

05-Jul-16

142

CFD

13-Apr-16

4,891

CFD

17-Nov-16

4,955

CFD

01-Jul-16

256,081

CFD

02-Nov-16

2,451,000

CFD

02-Feb-17

52

CFD

17-Aug-16

47,169

CFD

19-Sep-16

335,087

CFD

05-Jan-16

72,397

CFD

02-Nov-16

8,892

CFD

17-Nov-16

99,706