Holding(s) in Company

Reed Elsevier PLC
12 January 2005







                     ISSUED ON BEHALF OF REED ELSEVIER PLC



          Disclosure of Interest in Voting Shares of Reed Elsevier PLC





Reed Elsevier PLC received a notification today, in accordance with Part VI of
the Companies Act 1985 (as amended), that, as of 31 December 2004, Oeschle
International Advisors, LLC no longer has a notifiable interest in the Company's
current issued share capital.


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