ISSUED ON BEHALF OF REED ELSEVIER PLC AND REED ELSEVIER NV

21 May 2015

PDMR Shareholding

Reed Elsevier announces that today, Mr Ian Fraser, a PDMR, completed the following transactions in the securities of Reed Elsevier:

Exercise of options and share sales

Mr Fraser exercised options to acquire Reed Elsevier PLC ("RE PLC") and Reed Elsevier NV ("RE NV") ordinary shares as set out below.  All of the ordinary shares acquired on exercise were sold.  

RE PLC            02/05/2012                    49,302                          515.50p 1106.2712p

RE NV              02/05/2012                    34,650                          €9.03                €22.809168      

In addition, Mr Fraser sold a further 30,457 RE PLC ordinary shares at a price of 1106p per share.

- ENDS -

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