TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are
attached: 

Reed Elsevier Plc

2. Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

Yes

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached.

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to the
notification obligation: 

Invesco Limited

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

5. Date of the transaction and date on
which the threshold is crossed or
reached: 

21 September 2009

6. Date on which issuer notified:

22 September 2009

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

5%,4%

8. Notified details:

A: Voting rights attached to shares 

Class/type of
shares

if possible using
the ISIN CODE

Situation previous
to the triggering
transaction

Resulting situation after the triggering transaction

Number
of
Shares

Number
of
Voting
Rights

Number
of shares

Number of voting
rights

% of voting rights

Direct

Indirect

Direct

Indirect

ORD

GBP 0.14

GB00B2B0DG97

103,119,769

103,119,769

56,012,789

4.62%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date

Exercise/ 
Conversion Period

Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.

% of voting
rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments 

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise price

Expiration date 

Exercise/
Conversion period 

Number of voting rights instrument refers to

% of voting rights 

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

56,012,789

4.62%

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:

ABN Amro-Bank - 157,305

Brown Brothers Harriman (New Jersey) - 376,677

Bank of New York - 29,277,836

Banque Paribas - 95,460

Banque Paribas (Frankfurt) - 90,290

Credit Agricole Indosuez (Luxembourg) - 14,278

JP Morgan Chase - 3,674,576

Chase (Frankfurt) - 77,399

Citibank (Luxembourg) - 55,879

Citibank New York - 19,213

Citibank - 276,216

SG Private Banking - 17,313

Deutsche Bank UK - 31,506

Erste Group Bank AG (Austria) - 6,696

HSBC Bank Plc (London) - 633,746

Mellon Bank Pittsburgh - 32,311

Morgan Stanley (London) - 67,852

National Custody Services AU - 84,435

State Street Trust & Banking Co (London) - 5,300,251

Northern Trust Company (London) - 733,479

AIM - 14,982,812

Invesco PowerShares Capital Management - 7,259

Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will cease
to hold:

N/A

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

N/A

13. Additional information:

Notification using the total voting rights figure of 

1,212,425,809

14. Contact name:

Marsha Watson

15. Contact telephone number:

020 7930 7077