Directors’ shareholdings in Reed Elsevier PLC and Reed Elsevier NV

The interests of those individuals who were directors of Reed Elsevier PLC and Reed Elsevier NV as at 31 December 2008 in the issued share capital of the respective companies at the beginning and end of the year are shown below.

 
Reed Elsevier PLC
ordinary shares
Reed Elsevier NV
ordinary shares
1 January
2008
31 December
2008(i)
1 January
2008
31 December
2008(i)
Mark Armour 112,378 131,572 47,461 62,384
Dien de Boer-Kruyt
Sir Crispin Davis 787,577 800,639 445,197 386,940
Mark Elliott
Erik Engstrom 79,379 77,856 219,867 211,760
Jan Hommen
Lisa Hook
Robert Polet
Andrew Prozes 230,981 231,709 169,334 168,676
David Reid
Lord Sharman

(i) On 7 January 2008 the Reed Elsevier PLC and Reed Elsevier NV ordinary shares in issue were consolidated on the basis of 58 new ordinary shares for every 67 existing ordinary shares held, resulting in the number of ordinary shares held by the directors being reduced in accordance with the consolidation ratio.

Ian Smith was appointed a director of Reed Elsevier PLC on 1 January 2009. He did not hold an interest in Reed Elsevier PLC or Reed Elsevier NV ordinary shares at the date of his appointment.

There have been no changes in the interests of the directors in the Reed Elsevier PLC or Reed Elsevier NV ordinary shares at the date of this report.