?

16 January 2013

Drax Group plc

(Symbol: DRX)

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

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

BlackRock, Inc.

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


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

11 January 2013

6. Date on which issuer notified:

15 January 2013

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

Holding has gone above 5%



8. Notified details:

A: Voting rights attached to sharesviii, ix

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 x

Direct

Direct xi

Indirect xii

Direct

Indirect

GB00B1VNSX38

N/A

Below 5%

N/A

N/A

19,091,696

N/A

4.75%


B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date xiii

Exercise/
Conversion Period xiv

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 xv, xvi

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise price

Expiration date xvii

Exercise/
Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

CFD




1,003,703

Nominal

Delta

0.25%

0.25%


Total (A+B+C)

Number of voting rights

Percentage of voting rights

20,095,399

5.00%



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

BlackRock Investment Management (UK) Limited - 20,095,399 (5.00%)


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:

BlackRock Regulatory Threshold Reporting Team supplied the information given above.

14. Contact name:

Phil White

Deputy Company Secretary

15. Contact telephone number:

01757 612167


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