Drax Group PLC

M&A Activity • Sep 24, 2018

National Storage Mechanism | Additional information

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RNS Number : 6277B

Drax Group PLC

24 September 2018

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

24 September 2018

Drax Group plc

(Symbol: DRX)

(LEI: 549300YPSNTXR4ZHSR98)

Possible acquisition

Further to recent press speculation Drax confirms that it is in discussions with Iberdrola regarding a potential acquisition of a UK portfolio of pumped storage, renewable hydro and gas-fired generation assets.

The discussions are preliminary in nature and there can be no certainty of any agreement or the timing or terms of any such agreement.

Any potential acquisition would be fully debt funded and subject to shareholder approval.

A further announcement will be made as and when appropriate.

Enquiries:

Drax Investor Relations: Mark Strafford

+44 (0) 1757 612 491

+44 (0) 7730 763 949

Media:

Drax External Communications: Matt Willey

+44 (0) 7711 376 087

Website: www.drax.com

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