Director/PDMR Shareholding

Reed Elsevier PLC
30 March 2007



           ISSUED ON BEHALF OF REED ELSEVIER PLC AND REED ELSEVIER NV


30 March 2007

                           Director/PDMR Shareholding



Reed Elsevier received notification today that Mr Mark Armour, a director of
Reed Elsevier PLC and Reed Elsevier NV, undertook the following transactions in
the ordinary shares of Reed Elsevier PLC and Reed Elsevier NV on 29 March 2007:


(i)                  Exercised options over Reed Elsevier PLC shares  (52,000
options granted in 1997 at 565.75p; 88,202 options granted in 2000 at 436.50p;
104,319 options granted in 2003 at 451.50p and 155,147 options granted in 2004
at 487.25p);


(ii)                Exercised options over Reed Elsevier NV shares (61,726
options granted in 2000 at €10.73; 74,276 options granted in 2003 at €9.34 and
106,536 options granted in 2004 at €10.57);


(iii)               Sold 100,507 Reed Elsevier PLC ordinary shares, together
with the shares acquired as a result of the option exercises referred to in (i)
above, at an average price of 607.90p per share; and


(iv)              Sold 68,630 Reed Elsevier NV ordinary shares, together with
the shares acquired as a result of the option exercises referred to in (ii)
above, at an average price of €13.29 per share.



As a consequence of these transactions, Mr Armour's interests in Reed Elsevier's
share capital is now:

(i)       100,743 Reed Elsevier PLC ordinary shares;

(ii)      39,588 Reed Elsevier NV ordinary shares;


(iii)     972,282 options over shares in Reed Elsevier PLC at price ranges 
          between 377.60p and 659p;


(iv)      612,204 options over shares in Reed Elsevier NV at price ranges 
          between €10.57 and €14.75;


(v)       180,364 restricted shares in Reed Elsevier PLC, vesting between 2008 
          and 2010; and


(vi)      140,613 restricted shares in Reed Elsevier NV, vesting between 2008 
         and 2010.





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