Holding(s) in Company

Reed Elsevier PLC
24 April 2007


TR-1(i):               notification of major interests in shares

1. Identity of the issuer or the underlying issuer of existing              Reed Elsevier Plc
shares to which voting rights are attached(ii):

2. Reason for the notification     (please tick the appropriate box or boxes)

An acquisition or disposal of voting rights                                                        x

An acquisition or disposal of financial instruments which may result in the acquisition of
shares already issued to which voting rights are attached

An event changing the breakdown of voting rights

Other (please specify):___________________________________________


3. Full name of person(s) subject to the notification obligation           Lloyds TSB Group plc
(iii):

4. Full name of shareholder(s) (if different from 3.)(iv):

5. Date of the transaction (and date on which the threshold is                23 April 2007
crossed or reached if different)(v):

6. Date on which issuer notified:                                             24 April 2007

7. Threshold(s) that is/are crossed or reached:                               Increase to 3%

8. Notified details:


A: Voting rights attached to shares

Class/type of     Situation previous to the Resulting situation after the triggering transaction(vii)
shares            Triggering transaction
                  (vi)
 if possible      Number of    Number of    Number of       Number of voting rights  % of voting rights
using the ISIN    Shares       Voting       shares          ix
CODE                           Rights viii  Direct          Direct  x    Indirect xi Direct    Indirect

     0730835       36,917,526   36,917,526    19,173,291     19,173,291  19,072,899    1.504     1.497
  ORD GBP 0.125


B: Financial Instruments

Resulting situation after the triggering transaction xii

Type of financial     Expiration date Exercise/ Conversion      Number of voting rights    % of voting
instrument            xiii            Period/ Date xiv          that may be acquired if    rights
                                                                the instrument is
                                                                exercised/ converted.



Total (A+B)
Number of voting rights                             % of voting rights

     38,246,190                                              3.001




9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively
held, if applicable xv:



Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:


13. Additional information:
14. Contact name:                                 Philip Mason
15. Contact telephone number:                     01444 418127

Annex Notification Of Major Interests In Shares xvi

A: Identity of the person or legal entity subject to the notification obligation

Full name (including legal form for legal entities)        Lloyds TSB Group plc

Contact address (registered office for legal entities)     Henry Duncan House
                                                           120 George Street
                                                           Edinburgh
                                                           EH2 4LH

Phone number                                               0131 225 4555

Other useful information (at least legal representative
for legal persons)



B:        Identity of the notifier, if applicable xvii

Full name                                                  Margaret Woods

Contact address                                            Reed Elsevier PLC
                                                           1-3 Strand
                                                           London
                                                           WC2N 5JR

Phone number                                               0207 166 5613

Other useful information (e.g. functional relationship     Assistant Company Secretary
with the person or legal entity subject to the
notification obligation)



C:        Additional information




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