Director/PDMR Shareholding

Reed Elsevier PLC 08 January 2008 ISSUED ON BEHALF OF REED ELSEVIER PLC AND REED ELSEVIER NV 8 January 2008 Director/PDMR Shareholding Following the share consolidation, which took place on 7 January 2008, whereby Reed Elsevier PLC shareholders received 58 new ordinary shares of 14 51/116 pence for every 67 ordinary shares of 12.5p and Reed Elsevier NV shareholders received 58 new ordinary shares of €0.07 for every 67 ordinary shares of €0.06 held, the directors interests in the issued share capital of Reed Elsevier is now as follows: Director New ordinary shares in New ordinary shares in Reed Elsevier PLC Reed Elsevier NV G van de Aast 107,591 104,333 M Armour 97,282 41,085 C Davis 681,783 385,394 E Engstrom 68,716 190,332 A Prozes 199,953 146,587 P Tierney 32,389 22,029 This information is provided by RNS The company news service from the London Stock Exchange

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