Holding(s) in Company

Reed Elsevier PLC
17 January 2008


TR-1: Notifications of Major Interests in Shares


                                                                         

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


2. Reason for notification (yes/no)                               Yes

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):
                                                             
3. Full name of person(s) subject to                         Lloyds TSB Group Plc
notification obligation:                                     Nominees (Jersey) Ltd

4. Full name of shareholder(s) (if                            Perry Nominees Ltd
different from 3):
                                                             Boltro Nominees Ltd

                                                              Ward Nominees Ltd

                                                        Lloyds Bank (PEP) Nominees Ltd

                                                          State Street Nominees Ltd
                                                              16th January 2008

5. Date of transaction (and date on
which the threshold is crossed or
reached if different):
                                                              17th January 2008

6. Date on which issuer notified:
                                                               Fallen below 4%

7. Threshold(s) that is/are crossed or
reached:


8: Notified Details
A: Voting rights attached to shares


Class/type of  Situation previous to the Resulting situation after the triggering transaction
shares         triggering transaction
               Number of    Number of    Number of    Number of voting rights   Percentage of voting
If possible    shares       voting       shares                                 rights
use ISIN code               rights

                                                      Direct       Indirect     Direct       Indirect
   B2B0DG9      45,136,734   45,136,734   41,893,893                41,893,893                 3.810

ORD GBP0.1444


B: Financial Instruments


Resulting situation after the triggering transaction


Type of financial    Expiration date      Exercise/ conversion No. of voting rights  Percentage of voting
instrument                                period/date          that may be acquired  rights
                                                               (if the instrument
                                                               exercised/converted)







Total (A+B)


Number of voting rights                             Percentage of voting rights
                    41,893,893                                             3.810







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


15,437,983 Shares are held by Nominees (Jersey) Ltd, a wholly owned subsidiary of Lloyds TSB Bank Plc, a wholly owned
subsidiary of Lloyds TSB Group Plc.



1,447,970 Shares are held by Perry Nominees Ltd, a wholly owned subsidiary of Lloyds TSB Bank Plc, a wholly owned
subsidiary of Lloyds TSB Group Plc.



111,705 Shares are held by Boltro Nominees Ltd, a wholly owned subsidiary of Lloyds TSB Bank Plc, a wholly owned
subsidiary of Lloyds TSB Group Plc.



346,920 Shares are held by Ward Nominees Ltd, a wholly owned subsidiary of Lloyds TSB Bank Plc, a wholly owned
subsidiary of Lloyds TSB Group Plc.



561,901 Shares are held by Lloyds Bank (Pep) Nominees Ltd, a wholly owned subsidiary of Lloyds TSB Bank Plc, a wholly
owned subsidiary of Lloyds TSB Group Plc.



23,987,414 Shares are held by State Street Nominees Ltd. Shares are under the control of Scottish Widows Investment
Partnership Ltd, a wholly owned subsidiary of Scottish Widows Investment Partnership Group Ltd, a wholly owned
subsidiary of Scottish Widows Group Ltd, a wholly owned subsidiary of Lloyds TSB Bank plc, a wholly owned subsidiary of
Lloyds TSB Group Plc.




Proxy Voting:


10. Name of 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:                                                      Central Disclosure Unit


15. Contact telephone name:                                             [phone]




B: Identity of the notifier, if applicable
Full name                                           Margaret Woods, Assistant Company Secretary, Reed
                                                    Elsevier PLC

Contact address                                     1-3 Strand

                                                    London WC2N 5JR
Phone number & email                                [phone]

                                                    [e-mail]







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