Disposal

Reed Elsevier PLC 08 May 2003 NEWS RELEASE Issued on behalf of Reed Elsevier PLC and Reed Elsevier NV 8 May 2003 REED ELSEVIER'S LEXISNEXIS SELLS LEXISNEXIS DOCUMENT SOLUTIONS Reed Elsevier Group plc announced today that its global legal division, LexisNexis, had entered into a definitive agreement to sell, LexisNexis Document Solutions (LNDS) to Corporation Service Company (CSC). The decision to sell LNDS has been taken as it no longer fits within the online growth strategy of LexisNexis. LNDS, which operates within the United States, provides Uniform Commercial Code filings and searches primarily to register equipment and capital goods for collateral and lending purposes. It also handles corporate registration and motor vehicle title filings and provides registered agent services to US corporations. In the year to 31 December 2002, LNDS had revenues of $68 million. CSC is a leading provider of administrative legal services to Fortune 500 companies and law firms in the US Ends For media enquiries contact: Catherine May, Reed Elsevier, tel +44 (0)20 7222 8420 Notes to Editors Reed Elsevier Reed Elsevier Group plc is a world leading publisher and information provider. It is owned equally by its two parent companies, Reed Elsevier PLC and Reed Elsevier NV. The parent companies are listed on the London, Amsterdam and New York Stock Exchanges, under the following ticker symbols: London: REED; Amsterdam: ELSN; New York: RUK, ENL. In 2002, Reed Elsevier made adjusted profit before taxation of £927 million (€1,474million) on turnover of £5,020 million (€7,982 million). The group employs 36,000 people, including approximately 22,000 in North America. Operating in the scientific, legal, educational and business-to-business sectors, Reed Elsevier provides high value and flexible information solutions to professional end users, with increasing emphasis on internet delivery. For further information, please visit the company website www.reedelsevier.com. This information is provided by RNS The company news service from the London Stock Exchange

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