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Holding(s) in Company

1st May 2007 12:37

Reed Elsevier PLC01 May 2007 TR-1(i): notification of major interests in shares 1. Identity of the issuer or the underlying issuer of existing Reed Elsevier Plcshares to which voting rights are attached(ii): 2. Reason for the notification (please tick the appropriate box or boxes) An acquisition or disposal of voting rights X An acquisition or disposal of financial instruments which may result in the acquisition ofshares already issued to which voting rights are attached An event changing the breakdown of voting rightsOther (please specify):___________________________________________ 3. Full name of person(s) subject to the notification obligation Lloyds TSB Group plc(iii): 4. Full name of shareholder(s) (if different from 3.)(iv): 5. Date of the transaction (and date on which the threshold is 27 April 2007crossed or reached if different)(v): 6. Date on which issuer notified: 30 April 2007 7. Threshold(s) that is/are crossed or reached: Reached 3% 8. Notified details: A: Voting rights attached to sharesClass/type of Situation previous to the Resulting situation after the triggering transaction(vii)shares Triggering transaction (vi) if possible Number of Number of Number of Number of voting rights % of voting rightsusing the ISIN Shares Voting shares ixCODE Rights viii Direct Direct x Indirect xi Direct Indirect 0730835 38,192,209 38,192,209 19,750,470 19,750,470 19,053,325 1.549 1.495 ORD GBP 0.125 B: Financial InstrumentsResulting situation after the triggering transaction xiiType of financial Expiration date Exercise/ Conversion Number of voting rights % of votinginstrument xiii Period/ Date xiv that may be acquired if rights the instrument is exercised/ converted. Total (A+B) Number of voting rights % of voting rights 38,803,795 3.045 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable xv: Proxy Voting: 10. Name of the proxy holder: 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: 14. Contact name: Philip Mason 15. Contact telephone number: 01444 418127 Annex Notification Of Major Interests In Shares xvi A: Identity of the person or legal entity subject to the notification obligation Full name (including legal form for legal entities) Lloyds TSB Group plcContact address (registered office for legal entities) Henry Duncan House 120 George Street Edinburgh EH2 4LHPhone number 0131 225 4555 Other useful information (at least legal representativefor legal persons) B: Identity of the notifier, if applicable xviiFull name Margaret WoodsContact address Reed Elsevier PLC 1-3 Strand London WC2N 5JRPhone number 0207 166 5613 Other useful information (e.g. functional relationship Assistant Company Secretarywith the person or legal entity subject to thenotification obligation) C: Additional information -------------------------- This information is provided by RNS The company news service from the London Stock Exchange

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