Holding(s) in Company

Reed Elsevier PLC
26 March 2007


TR-1:       Notification of Major Interests in Shares


                                                                

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


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                            FMR Corp
notification obligation
                                                              

4. Full name of shareholder(s) (if different from             See attached schedule
3.)
                                                           
5. Date of the transaction (and date on which              Revised due to DTR rules
the threshold is crossed or reached if
different)
                                                                
6. Date on which issuer notified                                21 March 2007


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


8: Notified Details

A: Voting rights attached to shares
Class/type of shares     Situation previous to   Resulting situation after the triggering transaction
                         the Triggering
                         transaction

                         Number of   Number of   Number of    Number of Voting Rights % of Voting Rights
                         Shares      Voting      Shares
If possible using the                Rights
ISIN CODE                                        Direct       Direct      Indirect    Direct      Indirect

          ISIN           12,133,983  12,133,983                           12,133,983                0.95%
      GB0007308355


B. Financial Instruments

Resulting situation after the triggering transaction

Type of Financial       Expiration Date      Exercise/Conversion Number of Voting      % of Voting Rights
Instrument                                   Period/Date         Rights that may be
                                                                 acquired if the
                                                                 instrument is
                                                                 exercised/converted



Total (A+B)

Number of Voting Rights                                % of Voting Rights

12,133,983                                               0.95%


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

See attached schedule




Proxy Voting:
10. Name of the proxy holder:                                                    FMR Corp
11. Number of voting rights proxy holder will cease/acquire to hold:               N/A
12. Date on which proxy holder will cease/acquire to hold voting                   N/A
rights:


13. Additional information:             As discussed with 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 indirect holdings of FMR and
                                        FIL separately.  A separate notification is being submitted for
                                        FIL. Please note these holdings are correct as of close of
                                        business 19 March 2007

14. Contact Name                                                  Sophie Hughes

15. Contact:                                         [e-mail]


FMR Attachment

Issuer name:                        REED ELSEVIER PLC

Current ownership percentage:       0.95%

Total shares held:                  12,133,983

Issued share capital:               1,271,786,714

                                    SHARES HELD    NOMINEE                       MANAGEMENT
                                                                                  COMPANY

FMR Corp is the parent holding      2,686,175      STATE STREET BANK AND TR CO   FMTC
company of Fidelity
Management & Research Company       164,700        STATE STREET BANK AND TR CO   FMRCO
(FMRCO), investment
manager for US mutual funds, and    60,680         STATE STREET BANK AND TR CO   FMR
Fidelity Management Trust
Company (FMTC), a US state          292,400        STATE STREET BANK AND TR CO   FICL
chartered bank which acts as
a trustee or investment manager of  30,900         ROYAL TRUST- TORONTO          FMTC
various pension and
trust accounts.                     26,100         NORTHERN TRUST LONDON         FMRCO
                                    1,092,900      NORTHERN TRUST CO             FMTC
                                    628            N/A                           0
                                    25,800         MELLON BANK NA                FMR
                                    169,000        MELLON BANK N.A.              FMTC
                                    87,800         MELLON BANK N.A.              FMRCO
                                    107,800        JPMORGAN CHASE BANK           FPM
                                    451,400        JPMORGAN CHASE BANK           FMTC
                                    3,709,100      JPMORGAN CHASE BANK           FMRCO
                                    2,794,500      BROWN BROTHERS HARRIMAN AND   FMRCO
                                                   CO
                                    68,400         BANK OF NEW YORK              FMRCO
                                    365,700        BANK OF NEW YORK              FMTC




B: Identity of the notifier, if applicable

Full name                                                   Margaret Woods Reed Elsevier PLC

Contact address                                               1-3 Strand, London WC2R 5JY

Phone number                                                         020 7166 5613

Other useful information (e.g. functional                     Assistant Company Secretary
relationship with the person or legal entity
subject to the notification obligation)




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