Holding(s) in Company

Reed Elsevier PLC
22 June 2007


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                   Yes


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):______________


3. Full name of person(s) subject to notification    Fidelity International Limited (FIL)
obligation:


4. Full name of shareholder(s) (if different from    See attached schedule
3):


5. Date of transaction (and date on which the        19 June 2007
threshold is crossed or reached if different):


6. Date on which issuer notified:                    21 June 2007


7. Threshold(s) that is/are crossed or reached:      5%





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 rights shares                              rights
ISIN code




ISIN
                    64,269,248    64,269,248
GB0007308355

                                                            Direct    Indirect      Direct    Indirect

                                                                      63,125,714              4.93%



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)





Total (A+B)


Number of voting rights                              Percentage of voting rights

        63,125,714                                             4.93%





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 proxy holder:                            Fidelity International Limited (FIL)


11. Number of voting rights proxy holder will cease  1,143,534
to hold:


12. Date on which proxy holder will cease to hold    19 June 2007
voting rights:




13. Additional information:


14 Contact name:                                      Margaret Woods, Assistant Secretary,

                                                      Reed Elsevier PLC


15. Contact telephone name:                           020 7166 5613



FIL ATTACHMENT

Issuer name:                    REED ELSEVIER PLC

Current ownership percentage:   4.93%

Total shares held:              63,125,714

Issued share capital:           1,279,742,901

                                SHARES HELD      NOMINEE                           MANAGEMENT
                                                                                    COMPANY

                                       7,196,553 JPMORGAN BOURNEMOUTH                   FIL
                                         170,300 JP MORGAN, BOURNEMOUTH                 FII
                                       3,860,469 JP MORGAN, BOURNEMOUTH                 FISL
                                       1,091,317 JP MORGAN, BOURNEMOUTH                 FPM
                                         102,600 CDC FINANCE                            FIGEST
                                         549,000 NORTHERN TRUST LONDON                  FIL
                                      37,594,900 NORTHERN TRUST LONDON                  FPM
                                          76,500 NORTHERN TRUST CO                      FIL
                                       1,975,100 BROWN BROS HARRIMN LTD LUX             FIL
                                         238,700 BROWN BROTHERS HARRIMAN AND CO         FIJ
                                           3,300 BROWN BROS HARRIMN LTD LUX             FIL
                                       1,024,000 MELLON BANK                            FPM
                                         173,000 BERMUDA TRUST FAR EAST HK              FIM HK
                                       4,707,200 BANK OF NEW YORK BRUSSELS              FPM
                                          54,300 BANK OF NEW YORK EUROPE LDN            FII
                                         305,629 STATE STR BK AND TR CO LNDN (S         FPM
                                         176,600 STATE STR BK AND TR CO LNDN (S         FIL
                                          58,900 STATE STREET HONG KONG                 FIA(K)L
                                          43,100 MASTER TRUST BANK OF JAPAN             FIJ
                                         494,581 HSBC TRINKAUS UND BURKH AG             FIL
                                          35,000 NOMURA TRUST AND BANKING               FIJ
                                          53,900 BNP PARIBAS, PARIS (C)                 FIL
                                         141,115 NORDDEUTSCHE LNBK GIRO                 FIL
                                         167,200 JP MORGAN CHASE BANK                   FISL
                                       2,774,650 CHASE MANHTTN BK AG FRNKFRT (S         FPM
                                          57,800 HSBC BANK PLC                          FPM

Fidelity International Limited (FIL) is the parent holding company for various
direct and indirect subsidiaries, including Fidelity Fund Management Limited
(FFML), Fidelity Investment Services Ltd (FISL), Fidelity Gestion (FIGEST),
Fidelity Investments Advisory (Korea) Limited (FIAKL), Fidelity Investments
Management (Hong Kong) Limited,(FIMHK), Fidelity Pension Management (FPM),
Fidelity Investments Japan (FIJ) and Fidelity Investments International (FII),
investment managers for various non-US investment companies and institutional
clients.


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