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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