Holding(s) in Company

Reed Elsevier PLC
20 August 2007


TR-1: Notifications of Major Interests in Shares


                                                              

1. Identity of the issuer or the underlying issuer of         Reed Elsevier Plc
existing shares to which voting rights are attached:


2. Reason for notification (yes/no)                                                     

An acquisition or disposal of voting rights                   Yes


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):  Change in issued share capital       Yes



                                         

3. Full name of person(s) subject to     Lloyds TSB Group Plc
notification obligation:
                                         

4. Full name of shareholder(s) (if       Nominees (Jersey) Ltd
different from 3):                       Perry Nominees Ltd
                                         Boltro Nominees Ltd
                                         Ward Nominees Ltd
                                         Lloyds Bank (PEP) Nominees Ltd
                                         Lloyds TSB Registrars Savings Nominees Ltd
                                         State Street Nominees Ltd
                                         

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

6. Date on which issuer notified:        20th August 2007
                                        

7. Threshold(s) that is/are crossed or   Fallen below 4%
reached:








8: Notified Details
A: Voting rights attached to shares


Class/type of  Situation previous to the Resulting situation after the triggering transaction
shares         triggering transaction
               Number of    Number of    Number of    Number of voting rights   Percentage of voting
If possible    shares       voting       shares                                 rights
use ISIN code               rights

                                                      Direct       Indirect     Direct       Indirect
 0730835 Ord   51,605,719   51,605,719  50,974,629      0          50,974,629      0          3.99
   GBP0.125


B: Financial Instruments


Resulting situation after the triggering transaction


Type of financial    Expiration date      Exercise/ conversion No. of voting rights  Percentage of voting
instrument                                period/date          that may be acquired  rights
                                                               (if the instrument
                                                               exercised/converted)





Total (A+B)

Number of voting rights                             Percentage of voting rights
                    
50,974,629                                          3.99






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


15,434,100 Shares are held by Nominees (Jersey) Ltd, a wholly owned subsidiary
of Lloyds TSB Bank Plc, a wholly owned subsidiary of Lloyds TSB Group Plc.


1,838,176 Shares are held by Perry Nominees Ltd, a wholly owned subsidiary of
Lloyds TSB Bank Plc, a wholly owned subsidiary of Lloyds TSB Group Plc.


148,909 Shares are held by Boltro Nominees Ltd, a wholly owned subsidiary of
Lloyds TSB Bank Plc, a wholly owned subsidiary of Lloyds TSB Group Plc.


410,915 Shares are held by Ward Nominees Ltd, a wholly owned subsidiary of
Lloyds TSB Bank Plc, a wholly owned subsidiary of Lloyds TSB Group Plc.


736,780 Shares are held by Lloyds Bank (Pep) Nominees Ltd, a wholly owned
subsidiary of Lloyds TSB Bank Plc, a wholly owned subsidiary of Lloyds TSB Group
Plc.


15,167 Shares are held by Lloyds TSB Registrars Savings Nominees Ltd, a wholly
owned subsidiary of Lloyds TSB Bank Plc, a wholly owned subsidiary of Lloyds TSB
Group Plc.


32,390,582 Shares are held by State Street Nominees Ltd. Shares are under the
control of Scottish Widows Investment Partnership Ltd, a wholly owned subsidiary
of Scottish Widows Investment Partnership Group Ltd, a wholly owned subsidiary
of Scottish Widows Group Ltd, a wholly owned subsidiary of Lloyds TSB Bank plc,
a wholly owned subsidiary of Lloyds TSB Group Plc.




Proxy Voting:


10. Name of proxy holder:


11. Number of voting rights proxy 
holder will cease to hold:

12. Date on which proxy holder will 
cease to hold voting rights:


13. Additional information:


14 Contact name:                     Margaret Woods, Assistant Secretary, 
                                     Reed Elsevier PLC


15. Contact telephone name:          020 7166 5613








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