Holding(s) in Company

1 March 2010

DRAX GROUP PLC

(Symbol: DRX)

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

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

Other (please specify):

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

Invesco Limited

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

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

26 February 2010

6. Date on which issuer notified:

01 March 2010

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

29%

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

Direct

Indirect

Direct

Indirect

Ordinary 11.55172p Shares

105,724,284

105,724,284

108,072,751

29.62%

GB00B1VNSX38

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

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

108,072,751

29.62%

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

ABN Amro Bank - 260,775

Brown Brothers Harriman, New Jersey - 77,900

Bank of Ireland, Dublin - 414,724

Bank of New York - 89,997,603

Banque Paribas, Frankfurt - 166,583

Bank of New York, London - 367,399

Boston Safe Deposit - 146,692

Credit Agricole Indosuez, Luxembourg - 83,105

Chase Bank, Hong Kong - 127,383

JP Morgan Chase - 258,128

Chase, Frankfurt - 55,026

Citibank - 254,899

SG Private Banking - 88,524

Erste Group Bank AG (Austria) - 19,906

HSBC Bank plc, London - 1,389,776

Japan Trustee Services Bank - 12,661

Landersbank Hessen-Thuringen Girozentrale - 24,422

Mellon Bank Pittsburgh - 636,923

B.Metzler seel.Sohn & Co. KG, Frankfurt - 30,608

Morgan Stanley, London - 13,221

National Cutody Services Aus - 66,752

State Street Trust & Banking Co, London - 12,034,095

Trust & Custody Services JP - 76,059

Northern Trust Company, London - 1,459,589

Vorarlberger Landes-und Hypothekenbk Akti - 999

Invesco PowerShares Capital Management Ireland - 2,380

Invesco PowerShares Capital Management LLC Limited - 6,619

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:

14. Contact name:

Phil White

Assistant Company Secretary

15. Contact telephone number:

01757 612167