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.
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