Holding(s) in Company

Reed Elsevier PLC
21 September 2006


                     ISSUED ON BEHALF OF REED ELSEVIER PLC

          Disclosure of Interest in Voting Shares of Reed Elsevier PLC


Reed Elsevier PLC received a notification dated 20 September 2006, in accordance
with Part VI of the Companies Act 1985 (as amended), that the interest of FMR
Corp. and its direct and indirect subsidiaries, and Fidelity International
Limited and its direct and indirect subsidiaries, in the ordinary shares of Reed
Elsevier PLC is 101,098,279 shares, representing 8.01% of the Company's current
issued share capital.


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