Holding(s) in Company

Reed Elsevier PLC
11 March 2008


TR-1: Notifications of Major Interests in Shares


Reed Elsevier PLC


1. Identity of the issuer or the underlying issuer of
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):
                                                             Baillie Gifford & Co

3. Full name of person(s) subject to
notification obligation:


4. Full name of shareholder(s) (if
different from 3):
                                                                10 March 2008

5. Date of transaction (and date on
which the threshold is crossed or
reached if different):
                                                                11 March 2008

6. Date on which issuer notified:
                                                                      5%

7. Threshold(s) that is/are crossed or
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 use     shares       voting       shares                               rights
ISIN code                        rights

                                                           Direct      Indirect    Direct       Indirect
  Ordinary Share     52,197,894    Below 5%    52,352,292              52,352,292                  5.00
   GB00B2B0DG97


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
                    
52,352,292                                          5.00




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


In the narrative below, the figures in ( ) indicate the amount of voting rights and the percentage held by each
controlled undertaking where relevant.

Baillie Gifford & Co, a discretionary investment manager, is the parent undertaking of an investment management group.

Its wholly-owned subsidiary undertaking Baillie Gifford Overseas Limited (4327777; 0.4%) is also a discretionary
investment manager.

Its wholly-owned direct subsidiary undertaking Baillie Gifford Overseas Limited (13118788; 1.3%) is a life assurance
company which procures discretionary investment management services from Baillie Gifford & Co in respect of its own
account shareholdings.

Its wholly-owned indirect (via Baillie Gifford Life Limited) subsidiary undertaking Baillie Gifford & Co Limited
(1800593; 0.2%) is an OEIC Authorised Corporate Director and Unit Trust Manager which has delegated its discretionary
investment management role to Baillie Gifford & Co.








Proxy Voting:


10. Name of proxy holder:                                                    N/A


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:                                       Scott Russell

                                                       Chris Hill
15. Contact telephone name:                            0131 275 2106

                                                       0131 275 2147


B: Identity of the notifier, if applicable
Full name                                           Marsha Watson, Secretarial Assistant, Reed Elsevier
                                                    PLC

Contact address                                     1-3 Strand

                                                    London WC2N 5JR
Phone number & email                                [phone]

                                                    [e-mail]




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