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

An event changing the breakdown of voting rights

Other (please specify):

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

The Goldman Sachs Group, Inc.

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

Goldman, Sachs & Co.

Goldman Sachs International

Goldman Sachs Asset Management, L.P.

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

23 February 2016

6. Date on which issuer notified:

25 February 2016

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

Above 4%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

NumberofShares

Number ofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

GB00B1VNSX38

266,591

266,591

684,263

0.168%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

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

% of votingrights

Stock Loan (Physical)

(Open)

15,581,475

3.835%

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

16,265,738

4.003%

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

The Goldman Sachs Group, Inc.; 16,265,738 shares; 4.003%

The Goldman, Sachs & Co. L.L.C. (Controlled by The Goldman Sachs Group, Inc.)

Goldman, Sachs & Co. (Controlled by The Goldman, Sachs & Co. L.L.C.)

Goldman Sachs (UK) L.L.C. (Controlled by The Goldman Sachs Group, Inc.): 13,437,211 shares: 3.307%

Goldman Sachs Group UK Limited (Controlled by Goldman Sachs (UK) L.L.C.) 13,437,211 shares: 3.307%

Goldman Sachs International (Controlled by Goldman Sachs Group UK Limited) 13,437,211 shares: 3.307%

Goldman Sachs Asset Management, L.P. (Controlled by The Goldman Sachs Group, Inc.)

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:

14. Contact name:

Phil White

Deputy Company Secretary

15. Contact telephone number:

01757 612167