Holding(s) in Company

3 February 2012

Drax Group plc

(Symbol:DRX)

NOTIFICATION OF MAJOR INTEREST IN SHARESi

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

Drax Group plc

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

An acquisition or disposal of voting rights

ü

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: iii

Orbis Holdings Limited (parent)

Orbis Asset Management Limited (investment manager and controlled undertaking)

Orbis Investment Management Limited (investment manager and controlled undertaking)

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

Vidacos Nominees Limited

HSBC Custody Nominees (Australia) Ltd

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

1 February 2012

6. Date on which issuer notified:

3 February 2012

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

4%

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

15,532,574

15,532,574

13,447,250

3.69%

GB00B1VNSX38

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

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

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

13,447,250

3.69%

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

Orbis Asset Management is a controlled undertaking of Orbis Holdings Limited.

Orbis Investment Management Limited is a controlled undertaking of Orbis Holdings Limited.

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:

Philip Hudson

 Company Secretary

15. Contact telephone number:

01757 612917