Director/PDMR Shareholding

Reed Elsevier PLC
16 February 2007



           ISSUED ON BEHALF OF REED ELSEVIER PLC AND REED ELSEVIER NV



16 February 2007



                           Director/PDMR Shareholding



Reed Elsevier received notification today that the following options were
granted to directors of Reed Elsevier PLC and Reed Elsevier NV on 15 February
2007:



(a)          Under the Reed Elsevier Group plc Share Option Scheme


Director                    No. of Reed Elsevier PLC options No. of Reed Elsevier NV options Exercisable
                            granted at  644.5p per share     granted at €14.51 per share
                                                                                             between
Sir Crispin Davis           251,730                          166,254                         2010 - 2017
Mark Armour                 130,740                          86,347                          2010 - 2017
Gerard van de Aast          122,536                          80,928                          2010 - 2017
Erik Engstrom               130,060                          85,897                          2010 - 2017
Andrew Prozes               132,537                          87,533                          2010 - 2017
Patrick Tierney             121,628                          80,329                          2010 - 2017



Exercise of the above options is subject to a post grant performance condition,
requiring the achievement of 6% per annum compound growth in adjusted EPS
expressed at constant exchange rates, during the three years following the
grant. There is no re-testing of the three year EPS performance.



(b) Under the Reed Elsevier Group plc Long Term Incentive Share Option Scheme


Director                        No. of Reed Elsevier PLC nil No. of Reed Elsevier NV nil   Vesting Date
                                cost conditional shares      cost conditional shares
                                awarded                      awarded
Sir Crispin Davis               118,942                      78,555                        2010
Mark Armour                     61,775                       40,799                        2010
Gerard van de Aast              57,898                       38,238                        2010
Erik Engstrom                   61,453                       40,586                        2010
Andrew Prozes                   62,623                       41,359                        2010
Patrick Tierney                 57,412                       37,917                        2010



Vesting of the above award is subject to the achievement of 10% per annum
averaged compound growth in adjusted earnings per share (EPS) at constant
currencies of Reed Elsevier PLC and Reed Elsevier NV and the achievement of
median total shareholder return (TSR) against a comparator group of seventeen
media companies, over the three year performance period 2007-2009. The actual
number of conditional shares that will vest will be determined by the
Remuneration Committee, and in accordance with the Rules of the Scheme, by
reference to the actual EPS and TSR performance over the three year performance
period. No awards will vest if EPS is below 8% per annum. If EPS is 12% per
annum and above and TSR is upper quartile and above, 189% of the award will
vest.




                      This information is provided by RNS
            The company news service from the London Stock Exchange