Holding(s) in Company

Reed Elsevier PLC
23 July 2007

TR-1 NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the                                 Reed Elsevier PLC
underlying issuer of existing 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

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):

Correction due to double counting of shareholdings by Allianz Global                       X
Investors Global Equity Business Unit

3. Full name of person(s) subject to                                Allianz SE
the notification obligation iii:

4. Full name of shareholder(s) (if
different from 3.)iv:
                                               Allianz Global Investors Global Equity Business Unit

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

6. Date on which the issuer                                        20 July 2007
notified:

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

8. Notified details:


A: Voting rights attached to shares
Class/type of   Situation previous to the    Resulting situation after the triggering transaction vii
shares (If      Triggering transaction vi
possible using  Number of    Number of       Number of shares       Number of voting       % of voting rights
the ISIN CODE)  shares       voting                                 rights ix
                             rightsviii      Direct    Indirect     Direct x  Indirect xi  Direct    Indirect
GB0007308355




B: Financial Instruments
Resulting situation after the triggering transaction xii
Type of financial    Expiration datexiii Exercise/Conversion     Number of voting rights  % of voting rights
instrument                               Period/Date xiv         that may be acquired if
                                                                 the instrument is
                                                                 exercised/converted



Total (A+B)
Number of voting rights                                   % of voting rights
                                                                               Less than 3%


   9. Chain of controlled undertakings through which the voting rights and/or the financial instruments
   are effectively held, if applicable xv:
   Allianz Global Investors Global Equity Business Unit is a wholly owned subsidiary of Allianz SE.


Proxy Voting:

10. Name of the proxy holder:

11. Date on which proxy holder will cease to hold voting
rights:

12. Number of voting rights proxy holder will cease to
hold:


13. Additional information:                               This announcement corrects and replaces the
                                                          announcement made on 13 July 2007
14. Contact Name:
                                                          Margaret Woods,
                                                          Assistant Company Secretary
                                                          Reed Elsevier PLC
15. Contact telephone number:

                                                          020 7166 5613



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