Holding(s) in Company

Reed Elsevier PLC
18 April 2007


TR-1(i):               notification of major interests in shares


1. Identity of the issuer or the underlying issuer of existing            Reed Elsevier PLC
shares to which voting rights are attached(ii):

2. Reason for the notification     (please tick the appropriate box or boxes)

An acquisition or disposal of voting rights                               x

An acquisition or disposal of financial instruments which may result in the acquisition of
shares already issued to which voting rights are attached

An event changing the breakdown of voting rights
Other (please specify):Revised due to DTR rules - see Section 13

3. Full name of person(s) subject to the notification            Fidelity international Limited (FIL)
obligation(iii):

4. Full name of shareholder(s) (if different from 3.)(iv):              See attached schedule

5. Date of the transaction (and date on which the threshold is              16 April 2007
crossed or reached if different)(v):

6. Date on which issuer notified:                                           18 April 2007

7. Threshold(s) that is/are crossed or reached:                                   5%

8. Notified details:


A: Voting rights attached to shares
Class/type of       Situation previous to the   Resulting situation after the triggering transaction(vii)
shares              Triggering transaction (vi)
                     Number of     Number of       Number of    Number of voting rights     % of voting
(if possible using     Shares    Voting Rights      shares                 ix                 rights
the ISIN CODE)                        viii          Direct       Direct  x  Indirect xi  Direct  Indirect
GB0007308355        63,563,403   63,563,403                                 63,542,309           4.99%


B: Financial Instruments
Resulting situation after the triggering transaction xii
 Type of financial   Expiration date   Exercise/ Conversion     Number of voting rights     % of voting
     instrument           xiii           Period/ Date xiv       that may be acquired if        rights
                                                                   the instrument is
                                                                 exercised/ converted.

Total (A+B)
Number of voting rights                            % of voting rights

63,542,309                                         4.99%




9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively
held, if applicable xv:

See attached schedule


Proxy Voting:

10. Name of the proxy holder:                                      Fidelity International Limited (FIL)

11. Number of voting rights proxy holder will acquire to hold:     7,506

12. Date on which proxy holder will acquire to hold voting rights: 16 April 2007

13. Additional information:

14. Contact name:                            Sophie Hughes

15. Contact telephone number:                [e-mail]

B:             Identity of the notifier, if applicable xvii

Full name                                                     Marsha Watson

Contact address                                               Reed Elsevier PLC
                                                              1-3 Strand, WC2N 5JR

Phone number                                                  020 7166 5653

Other useful information (e.g. functional relationship with   Secretarial Assistant
the person or legal entity subject to the notification
obligation)

 C:           Additional information



FIL ATTACHMENT

Issuer name:                    REED ELSEVIER PLC

Current ownership percentage:   4.99%

Total shares held:              63,542,309

Issued share capital:           1,272,199,405

                                SHARES HELD      NOMINEE                                   MANAGEMENT
                                                                                            COMPANY

                                79,300           STATE STREET HONG KONG                 FIA(K)L
                                167,200          STATE STR BK AND TR CO LNDN (S         FPM
                                76,500           STATE STR BK AND TR CO LNDN (S         FIL
                                2,140,300        NORTHERN TRUST LONDON                  FPM
                                291,400          NORTHERN TRUST LONDON                  FIL
                                122,100          NORTHERN TRUST CO                      FIL
                                31,200           NORDDEUTSCHE LANDERSBANK               FIL
                                106,100          NOMURA TRUST AND BANKING               FIJ
                                253,700          MELLON BANK                            FPM
                                204,200          MASTER TRUST BANK OF JAPAN             FIJ
                                461,900          JPMORGAN BOURNEMOUTH                   FIL
                                2,072,400        JP MORGAN, BOURNEMOUTH                 FPM
                                30,682,966       JP MORGAN, BOURNEMOUTH                 FISL
                                17,841,923       JP MORGAN, BOURNEMOUTH                 FIL
                                2,920,684        JP MORGAN, BOURNEMOUTH                 FII
                                434,800          HSBC BANK PLC                          FPM
                                38,100           CHASE MANHTTN BK AG FRNKFRT (S         FPM
                                4,500            CDC FINANCE                            FIGEST
                                168,400          BROWN BROTHERS HARRIMAN AND CO         FIL
                                63,830           BROWN BROTHERS HARRIMAN AND CO         FIJ
                                272,630          BROWN BROS HARRIMN LTD LUX             FIL
                                277,000          BNP PARIBAS, PARIS (C)                 FIL
                                577,507          BERMUDA TRUST FAR EAST HK              FIM HK
                                3,565,700        BANK OF NEW YORK EUROPE LDN            FII
                                683,969          BANK OF NEW YORK BRUSSELS              FPM



Fidelity International Limited (FIL) is the parent holding company for various
direct and indirect subsidiaries, including Fidelity Fund Management Limited
(FFML), Fidelity Investment Services Ltd (FISL), Fidelity Gestion (FIGEST),
Fidelity Investments Advisory (Korea) Limited (FIAKL), Fidelity Investments
Management (Hong Kong) Limited,(FIMHK), Fidelity Pension Management (FPM),
Fidelity Investments Japan (FIJ) and Fidelity Investments International (FII),
investment managers for various non-US investment companies and institutional
clients.



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