Reed Elsevier PLC
12 March 2008
TR-1: Notifications of Major Interests in Shares
1. Identity of the issuer or the underlying issuer of Reed Elsevier PLC
existing shares to which voting rights are attached:
2. Reason for notification (yes/no)
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): corrective notification superseding the filing made on Yes
11-03-08
3. Full name of person(s) subject to Baillie Gifford & Co
notification obligation:
4. Full name of shareholder(s) (if
different from 3):
5. Date of transaction (and date on 10 March 2008
which the threshold is crossed or
reached if different):
6. Date on which issuer notified: 12 March 2008
7. Threshold(s) that is/are crossed or 5%
reached:
8: Notified Details
A: Voting rights attached to shares
Class/type of Situation previous to the Resulting situation after the triggering transaction
shares triggering transaction
Number of Number of Number of Number of voting rights Percentage of voting
If possible use shares voting shares rights
ISIN code rights
Direct Indirect Direct Indirect
Ordinary Share 52,352,292 52,352,292 Below 5% Below 5% Below 5%
GB00B2B0DG97
B: Financial Instruments
Resulting situation after the triggering transaction
Type of financial Expiration date Exercise/ conversion No. of voting rights Percentage of voting
instrument period/date that may be acquired rights
(if the instrument
exercised/converted)
N/A
Total (A+B)
Number of voting rights Percentage of voting rights
Below 5% Below 5%
9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively
held, if applicable:
In the narrative below, the figures in ( ) indicate the amount of voting rights and the percentage held by each
controlled undertaking where relevant.
Baillie Gifford & Co, a discretionary investment manager, is the parent undertaking of an investment management group.
Its wholly-owned subsidiary undertaking Baillie Gifford Overseas Limited (4327777; 0.4%) is also a discretionary
investment manager.
Its wholly-owned direct subsidiary undertaking Baillie Gifford Overseas Limited (13118788; 1.2%) is a life assurance
company which procures discretionary investment management services from Baillie Gifford & Co in respect of its own
account shareholdings.
Its wholly-owned indirect (via Baillie Gifford Life Limited) subsidiary undertaking Baillie Gifford & Co Limited
(1800593; 0.2%) is an OEIC Authorised Corporate Director and Unit Trust Manager which has delegated its discretionary
investment management role to Baillie Gifford & Co.
Proxy Voting:
10. Name of proxy holder: N/A
11. Number of voting rights proxy holder will cease
to hold:
12. Date on which proxy holder will cease to hold
voting rights:
13. Additional information: Due to an incorrect denominator figure (attributable
to treasury shares), Baillie Gifford's percentage of
voting rights held was overstated in the filing made
on 11-03-08. However, the number of voting rights
held (ie the numerator) remains unchanged and the
percentage of voting rights held figure has been
re-calculated and is below 5%.
14 Contact name: Scott Russell
Chris Hill
15. Contact telephone name: 0131 275 2106
0131 275 2147
B: Identity of the notifier, if applicable
Full name Marsha Watson, Secretarial Assistant, Reed Elsevier
PLC
Contact address 1-3 Strand
London WC2N 5JR
Phone number & email +44 (0) 207 930 7077
marsha.watson@reedelsevier.com
This information is provided by RNS
The company news service from the London Stock Exchange
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