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Reed Elsevier PLC 18 June 2003 To: RNS Disclosure of Interest in Voting Shares Pursuant to Part VI of the Companies Act 1985 (as amended) a notification was received on 17 June 2003 from T Rowe Price Associates, Inc. in which they advised that, as at 13 June 2003, T Rowe Price Associates, Inc. and its direct and indirect subsidiaries, no longer have a notifiable interest in the issued share capital of the Company. From: REED ELSEVIER PLC This information is provided by RNS The company news service from the London Stock Exchange

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