Holding(s) in Company

Reed Elsevier PLC
26 May 2006

26 May 2006



                     ISSUED ON BEHALF OF REED ELSEVIER PLC



          Disclosure of Interest in Voting Shares of Reed Elsevier PLC



Reed Elsevier PLC received a notification today, in accordance with Part VI of
the Companies Act 1985 (as amended), that, as of 26 May 2006, Deutsche Bank AG
no longer has a notifiable interest in the Company's current issued share
capital.


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