Drax Group PLC's subsidiary, Drax Finco plc, has announced the partial cancellation of its €250,000,000 2.625% Senior Secured Notes due 2025. Following a tender offer, the company repurchased and canceled €106,180,000 (42.47%) of the aggregate principal amount of the Notes. The remaining aggregate principal amount of the Notes outstanding is €143,820,000 and will continue to be listed on the Luxembourg Stock Exchange. This announcement is for information purposes only and does not constitute a prospectus or offer to sell securities in the United States or any other jurisdiction. The communication is directed only at relevant persons.