Director/PDMR Shareholding

Reed Elsevier PLC 09 August 2006 ISSUED ON BEHALF OF REED ELSEVIER PLC AND REED ELSEVIER NV 9 August 2006 Director/PDMR Shareholding Reed Elsevier received notification yesterday from Mr van Lede, non-executive director of Reed Elsevier PLC and a member of the supervisory board of Reed Elsevier NV, that under a discretionary management arrangement with Bank MeesPierson the bank sold on his behalf 11,100 shares in Reed Elsevier NV at a price of €11.80 on 3 August. As a consequence, Mr van Lede no longer holds a notifiable interest in Reed Elsevier NV. This information is provided by RNS The company news service from the London Stock Exchange

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