Director/PDMR Shareholding

Reed Elsevier PLC 16 April 2008 ISSUED ON BEHALF OF REED ELSEVIER PLC AND REED ELSEVIER NV 16 April 2008 Director/PDMR Shareholding Reed Elsevier received notification from the Trustees of the Reed Elsevier Employee Benefit Trust today that, following the vesting of the share awards noted below on 14 April 2008, granted in April 2005 under the Reed Elsevier Group plc Bonus Investment Plan, and after taking account of shares withheld to meet personal tax and social security obligations, the number of securities noted below were released to the directors. Following these transactions, the current interest of each director in the ordinary share capital of Reed Elsevier PLC and Reed Elsevier NV is as noted below. Director No. of Reed No. of Reed No. of Reed No. of Reed Current Current Elsevier PLC Elsevier NV Elsevier PLC Elsevier NV ordinary shares/ ordinary shares/ ordinary shares/ ordinary shares/ interest in interest in ADRs* ADRs* ADRs* ADRs* Reed Elsevier Reed PLC ordinary Elsevier NV vested vested released released shares ordinary shares Sir Crispin 86,042 - 50,764 - 800,640 386,940 Davis Mark Armour 21,861 15,098 12,897 8,907 128,648 62,385 Gerard van - 26,347 - 15,808 109,018 143,469 de Aast Andrew 5,939* 8,261* 3,563* 4,956* 231,089 168,232 Prozes Erik 3,505* - 2,067* - 77,860 211,760 Engstrom * denotes vesting/release of ADRs PDMR No. of Reed Elsevier No. of Reed Elsevier PLC ordinary shares PLC ordinary shares vested released Nick Baker 19,086 11,260 The market price of each security at the date of release was 647p (Reed Elsevier PLC ordinary share), €12.02 (Reed Elsevier NV ordinary share), $51.20 (Reed Elsevier PLC ADR), and $38.15 (Reed Elsevier NV ADR). The ordinary shares and ADRs required to fulfil the above releases have been satisfied from the Reed Elsevier Employee Benefit Trust (the 'Trust'). The Trust is a discretionary employee benefit trust which may acquire securities in Reed Elsevier PLC and Reed Elsevier NV by means of market purchases on the appropriate Stock Exchange. The Trust is operated in conjunction with Reed Elsevier's share incentive schemes, and provides for the transfer of securities to employees on the exercise of awards granted under the said schemes. This information is provided by RNS The company news service from the London Stock Exchange

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