Director/PDMR Shareholding

Reed Elsevier PLC
27 March 2007



           ISSUED ON BEHALF OF REED ELSEVIER PLC AND REED ELSEVIER NV



27 March 2007



         Interests of directors or other persons discharging managerial
                                responsibilities



Reed Elsevier received notification today that, following the vesting of the
share awards noted below, granted in 2004 under the Reed Elsevier Group plc
Bonus Investment Plan, and after taking account of shares withheld to meet
personal tax and social security obligations, the number of securities noted
below were released to the directors on 26 March 2007.



Following these transactions, the current interest of each director in the
ordinary share capital of Reed Elsevier PLC and Reed Elsevier NV is as noted
below.


Director                 No. of Reed     No. of Reed     No. of Reed     No. of Reed  Current      Current
                         Elsevier PLC    Elsevier NV     Elsevier PLC    Elsevier NV
                                                                                      interest in  interest in
                         ordinary        ordinary        ordinary        ordinary     Reed         Reed Elsevier
                                                                                      Elsevier PLC NV ordinary
                         shares vested   shares vested   shares released shares       ordinary     shares
                                                                         released     shares
Sir Crispin Davis        39,554          26,421          23,336          15,588       743,806      445,197
Mark Armour              19,225          12,842          11,342          7,576        201,250      108,218
Gerard van de Aast       31,217          -               18,730          -            121,704      101,754


Director                 No. of Reed     No. of Reed     No. of Reed     No. of Reed  Current      Current
                         Elsevier PLC    Elsevier NV     Elsevier  PLC   Elsevier NV
                         ADRs vested     ADRs vested     ADRs released   ADRs         interest in  interest in
                                                                         released     Reed         Reed Elsevier
                                                                                      Elsevier PLC NV ordinary
                                                                                      ordinary     shares
                                                                                      shares
Andrew Prozes            5,026           6,806           2,942           3,984        216,561      159,580
Patrick Tierney          4,893           6,626           2,864           3,879        136,352      92,024



The market price of each security at the date of release was 605p (Reed Elsevier
PLC ordinary share), €13.25 (Reed Elsevier NV ordinary share), $47.92 (Reed
Elsevier PLC ADR), and $35.52 (Reed Elsevier NV ADR).



The ordinary shares and ADRs required to fulfil the above releases have been
satisfied from the Reed Elsevier Employee Benefit Trust (the 'Trust').  The
Trust is a discretionary employee benefit trust which may acquire securities in
Reed Elsevier PLC and Reed Elsevier NV by means of market purchases on the
appropriate Stock Exchange.  The Trust is operated in conjunction with Reed
Elsevier's share incentive schemes, and provides for the transfer of securities
to employees on the exercise of awards granted under the said schemes. Executive
directors of Reed Elsevier PLC and Reed Elsevier NV are, for technical
disclosure purposes, deemed to be interested in the securities held by the
Trust, by virtue of being potential beneficiaries under the Trust. The Trust
currently holds an interest in 15,308,261 ordinary shares in Reed Elsevier PLC
and 7,927,384 ordinary shares in Reed Elsevier NV.










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