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Reed Elsevier PLC 25 January 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) Yes An acquisition or disposal of voting rights 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): Lloyds TSB Group Plc 3. Full name of person(s) subject to notification obligation: Nominees (Jersey) Ltd 4. Full name of shareholder(s) (if Perry Nominees Ltd different from 3): Boltro Nominees Ltd Ward Nominees Ltd Lloyds Bank (PEP) Nominees Ltd State Street Nominees Ltd 24th January 2008 5. Date of transaction (and date on which the threshold is crossed or reached if different): 25th January 2008 6. Date on which issuer notified: Fallen below 4% 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 shares voting shares rights use ISIN code rights Direct Indirect Direct Indirect B2B0DG9 44,353,978 44,353,978 43,649,054 43,649,054 3.970 ORD GBP0.1444 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 43,649,054 3.970 9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively held, if applicable: 17,915,324 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. 1,441,851 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. 111,354 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. 340,086 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. 554,535 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. 1,046 Shares are held by Lloyds TSB Registrars Corporate Nominees Ltd, a wholly owned subsidiary of Lloyds TSB Bank Plc, a wholly owned subsidiary of Lloyds TSB Group Plc. 23,284,858 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: Central Disclosure Unit 15. Contact telephone name: +44 (0) 1444 418127 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 +44 (0) 207 930 7077 marsha.watson@reedelsevier.com This information is provided by RNS The company news service from the London Stock Exchange

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