Director/PDMR Shareholding

Reed Elsevier PLC
31 May 2006






         ISSUED ON BEHALF OF REED ELSEVIER PLC AND REED ELSEVIER NV


31 May 2006

                           Director/PDMR Shareholding


Reed Elsevier received notification today from Hill Samuel Offshore Trust
Company Limited, the Trustees of the Reed Elsevier Employee Benefit Trust ('the
Trust'), that the Trust now holds an interest in 15,936,727 shares in Reed
Elsevier PLC and 8,752,410 shares in Reed Elsevier NV.


The Trust purchased in the market the following shares on 30 May 2006 in order
to satisfy the future vesting of awards under Reed Elsevier's share incentive
schemes:-


     379,672 Reed Elsevier PLC ordinary shares at 526.76p per share;
     253,749 Reed Elsevier NV ordinary shares at €11.50 per share.


The Trust is a discretionary employee benefit trust which is operated in
conjunction with Reed Elsevier's share incentive schemes, and which provides for
the transfer of shares to employees on the exercise of awards granted under the
said schemes. Executive directors of Reed Elsevier PLC and Reed Elsevier NV are,
for technical disclosure purposes, deemed to be interested in the shares held by
the Trust, by virtue of being potential beneficiaries under the Trust.








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