Holding(s) in Company

Reed Elsevier PLC
26 March 2007


TR-1(i):               notification of major interests in shares


1. Identity of the issuer or the underlying issuer of existing            Reed Elsevier PLC
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):Revised due to DTR rules - see Section 13                   x
3. Full name of person(s) subject to the notification            Fidelity international Limited (FIL)
obligation(iii):
4. Full name of shareholder(s) (if different from 3.)(iv):              See attached schedule
5. Date of the transaction (and date on which the threshold is         Revised due to DTR rules
crossed or reached if different)(v):
6. Date on which issuer notified:                                           21-March-2007
7. Threshold(s) that is/are crossed or reached:                                  N/A
8. Notified details:




A: Voting rights attached to shares
Class/type of       Situation previous to the   Resulting situation after the triggering transaction(vii)
shares              Triggering transaction (vi)
                     Number of     Number of       Number of    Number of voting rights     % of voting
(if possible using     Shares    Voting Rights      shares                 ix                 rights
the ISIN CODE)                        viii          Direct       Direct  x  Indirect xi  Direct  Indirect
GB0007308355        64,586,724   64,586,724     1                           64,586,724           5.07%


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



Total (A+B)
Number of voting rights                            % of voting rights
64,586,724                                         5.07%











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


Proxy Voting:
10. Name of the proxy holder:                                      Fidelity International Limited (FIL)
11. Number of voting rights proxy holder will cease to hold:       N/A
12. Date on which proxy holder will cease to hold voting rights:   N/A


13. Additional information:                  As discussed witht the FSA, prior to the implementation of the
                                             EU Transparency Directive, we aggregated the interests in shares
                                             of FMR Corp (FMR) and Fidelity International Limited (FIL)
                                             together for the purposes of shareholder reporting.  According
                                             to the new DTR rules we are now reporting the indriect holdings
                                             of FMR and FIL separately.  A separate notification is being
                                             submitted for FMR Corp.  Please note these holdings are correct
                                             as of close of business 19 March 2007
14. Contact name:                            Sophie Hughes
15. Contact telephone number:                [e-mail]

B:             Identity of the notifier, if applicable xvii
Full name                                                     Margaret Woods
Contact address                                               Reed Elsevier PLC

                                                              1-3 Strand, WC2N 5JR
Phone number                                                  020 7166 5613
Other useful information (e.g. functional relationship with   Assistant Company Secretary
the person or legal entity subject to the notification
obligation)

 C:           Additional information



FIL ATTACHMENT

Issuer name:                    REED ELSEVIER PLC

Current ownership percentage:   5.07%

Total shares held:              64,586,724

Issued share capital:           1,271,786,714

                                SHARES HELD      NOMINEE                                   MANAGEMENT
                                                                                            COMPANY

                                66,700           STATE STREET HONG KONG                 FIA(K)L
                                169,000          STATE STR BK AND TR CO LNDN (S         FPM
                                76,500           STATE STR BK AND TR CO LNDN (S         FIL
                                2,140,000        NORTHERN TRUST LONDON                  FPM
                                284,600          NORTHERN TRUST LONDON                  FIL
                                122,100          NORTHERN TRUST CO                      FIL
                                31,200           NORDDEUTSCHE LANDERSBANK               FIL
                                106,100          NOMURA TRUST AND BANKING               FIJ
                                253,700          MELLON BANK                            FPM
                                204,200          MASTER TRUST BANK OF JAPAN             FIJ
                                461,900          JPMORGAN BOURNEMOUTH                   FIL
                                2,038,700        JP MORGAN, BOURNEMOUTH                 FPM
                                30,958,840       JP MORGAN, BOURNEMOUTH                 FISL
                                18,695,464       JP MORGAN, BOURNEMOUTH                 FIL
                                2,920,684        JP MORGAN, BOURNEMOUTH                 FII
                                434,800          HSBC BANK PLC                          FPM
                                19,900           DEXIA PRIVATBANK                       FPM
                                38,100           CHASE MANHTTN BK AG FRNKFRT (S         FPM
                                4,500            CDC FINANCE                            FIGEST
                                168,400          BROWN BROTHERS HARRIMAN AND CO         FIL
                                63,830           BROWN BROTHERS HARRIMAN AND CO         FIJ
                                280,930          BROWN BROS HARRIMN LTD LUX             FIL
                                280,300          BNP PARIBAS, PARIS (C)                 FIL
                                577,507          BERMUDA TRUST FAR EAST HK              FIM HK
                                3,565,700        BANK OF NEW YORK EUROPE LDN            FII
                                623,069          BANK OF NEW YORK BRUSSELS              FPM



Fidelity International Limited (FIL) is the parent holding company for various
direct and indirect subsidiaries, including Fidelity Fund Management Limited
(FFML), Fidelity Investment Services Ltd (FISL), Fidelity Gestion (FIGEST),
Fidelity Investments Advisory (Korea) Limited (FIAKL), Fidelity Investments
Management (Hong Kong) Limited,(FIMHK), Fidelity Pension Management (FPM),
Fidelity Investments Japan (FIJ) and Fidelity Investments International (FII),
investment managers for various non-US investment companies and institutional
clients.

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