PDMR Shareholding

ISSUED ON BEHALF OF REED ELSEVIER PLC AND REED ELSEVIER NV

6 March 2015

PDMR Shareholding

The Companies were notified on 5 March 2015 of the following transaction in the shares of

Reed Elsevier PLC ("RE PLC") and Reed Elsevier NV ("RE NV"), by Ian Fraser, a PDMR:

On 4 March 2015, Mr Fraser exercised an option granted on 15 February 2007 at a price of €14.51 per share to acquire 31,749 RE NV ordinary shares.

In addition, Mr Fraser sold shares as set out below:

Date of transaction Stock No. of ordinary shares Sale price

03/03/2015 RE NV 1,473 €22.60

04/03/2015 RE NV 26,695 €22.215929

04/03/2015 RE NV 31,749 €22.154405

04/03/2015 RE PLC 28,087 £11.076518

- ENDS -

Enquiries

Paul Abrahams (Media) +44 20 7166 5724

 Colin Tennant (Investors)

+44 20 7166 5751