Directors' Notification of Dealing in Shares

Reed International PLC 14 August 2000 Letter to Company Announcements dated 11 August 2000 We are writing to advise you that we received notification today of the following transactions in Reed International P.L.C. and Elsevier NV ordinary shares, in respect of Andrew Prozes, a director of Reed International P.L.C. (a) Grant of executive share options The following grants have been made under the Reed Elsevier plc Executive Share Option Scheme: Date of No. of Reed No. of Elsevier shares Exercisable Grant International over which an option has shares over which been granted at EURO13.60 an option has been per share granted at 566p per share 9.08.2000 188,281 131,062 2003-2010 Exercise of the above options is subject to the earnings per share performance conditions, as described in the company's Annual Financial Statements. (b) Grant of Long-Term Incentive options The following grants have been made under the Reed Elsevier plc Senior Executive Long-Term Incentive Scheme: Date of No. of Reed No. of Elsevier shares Exercisable Grant International over which an option has shares over which been granted at EURO13.60 an option has been per share granted at 566p per share 9.08.2000 941,406 655,310 2005 Exercise of the above options is subject to the Total Shareholder Return performance conditions, as described in a circular to shareholders dated 21 March 2000. (c) Grant of options over restricted shares The following grants have been made: Date of No. of Reed No. of Elsevier shares Exercisable International over which a nil cost on or after shares over option has been granted which a nil cost option has been granted 9.08.2000 20,169 14,040 9 August 2001 9.08.2000 20,169 14,040 9 August 2002 9.08.2000 20,169 14,040 9 August 2003 Letter from Reed International P.L.C.

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