Holding(s) in Company

Reed Elsevier PLC
15 June 2007

Form TR-1 with annex. FSA Version 2.1 updated April 2007


For filings with the FSA include the annex

For filings with issuer exclude the annex


TR-1: Notifications of Major Interests in Shares

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

2. Reason for notification (yes/no)                                                        

An acquisition or disposal of voting rights                                                Yes

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 notification                  Lloyds TSB Group Plc
obligation:

4. Full name of shareholder(s) (if different from
3):
                                                                     
5. Date of transaction (and date on which the                          13 June 2007
threshold is crossed or reached if different):
                                                                      
6. Date on which issuer notified:                                      14 June 2007
                                                                    
7. Threshold(s) that is/are crossed or reached:                       Increase to 4%




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

   0730835      49,792,247   49,792,247   52,152,367   33,362,273   18,790,094     2.607       1.468
   Ordinary
   GBP0.125

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
                     
52,152,367                                           4.075




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

15,447,209 Shares are controlled by Lloyds TSB Jersey Offshore Ltd, part of
Lloyds TSB Bank Plc, a wholly owned subsidiary of Lloyds TSB Group Plc.

3,342,885 Shares are controlled by Lloyds TSB Private Banking Ltd, part of
Lloyds TSB Bank Plc, a wholly owned subsidiary of Lloyds TSB Group Plc.

5,602 Shares are controlled by Lloyds TSB Registrars, a wholly owned subsidiary
of Lloyds TSB Group Plc.

33,356,671 Shares are controlled by Scottish Widows Investment Partnership Ltd,
part of Scottish Widows 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:                                              Andrew Georgeson

15. Contact telephone name:                                  [phone]



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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