Transaction in Own Shares

Reed Elsevier PLC
31 August 2007

31 August 2007





           ISSUED ON BEHALF OF REED ELSEVIER PLC AND REED ELSEVIER NV





                           Transactions in own shares





Reed Elsevier PLC announces that on 31 August 2007, it purchased 450,000 Reed

Elsevier PLC ordinary shares at a price of 594.9322 pence per share.  The

purchased shares will be held as treasury shares.  Following the above purchase,

Reed Elsevier PLC holds 32,163,500 Reed Elsevier PLC ordinary shares in

treasury, and has 1,271,841,173 Reed Elsevier PLC ordinary shares in issue

(excluding treasury shares).





Reed Elsevier NV announces that on 31 August 2007, it purchased 300,000 Reed

Elsevier NV ordinary shares at a price of Euro13.173 per share.  The purchased

shares will be held as treasury shares.  Following the above purchase, Reed

Elsevier NV holds 23,891,500 Reed Elsevier NV ordinary shares in treasury, and

has 735,613,994 Reed Elsevier NV ordinary shares in issue (excluding treasury

shares).




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