Completion of sale of gas assets

RNS Announcement

RNS Number : 4567N

Drax Group PLC

01 February 2021

1 February 2021

Drax Group plc

("Drax", "the Group", "Drax Group", "the Company"; Symbol: DRX)

Completion of sale of gas assets

Drax Group plc is pleased to announce that it has completed the sale of Drax Generation Enterprise Limited, which holds four Combined Cycle Gas Turbine ("CCGT") power stations, to VPI Generation Limited.

Following the sale Drax no longer operates any CCGTs and on 31 March 2021 will end commercial coal generation, with formal closure of its remaining coal assets in September 2022.

Enquiries:

Drax Investor Relations: Mark Strafford

+44 (0) 7730 763 949

Media:

Drax External Communications: Ali Lewis

+44 (0) 7712 670 888

Website: www.Drax.com

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RNS metadata

Title: Completion of sale of gas assets
Time: 07:00:09
Date: 1 Feb 2021
Category: Miscellaneous
ID: 4567N