Total Shareholder Return graphs

As required by Schedule 7A of the Companies Act 1985, the graphs in this section show the Reed Elsevier PLC and Reed Elsevier NV total shareholder return performance, assuming dividends were reinvested. They compare the Reed Elsevier PLC performance with that achieved by the FTSE 100, and the Reed Elsevier NV performance with the performance achieved by the Euronext Amsterdam (AEX) Index, over the five-year period from 31 December 2003 to 31 December 2008.

For the five-year period from 31 December 2003, the TSR for Reed Elsevier PLC was 23%, against a FTSE 100 return of 15%. For Reed Elsevier NV during the same period, TSR was 4% against an AEX Index return of minus 12%. As Reed Elsevier PLC and Reed Elsevier NV are members of the FTSE 100 and AEX Index respectively, these indices are relevant.

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Reed Elsevier PLC v FTSE 100 – 5 years

Graph of Reed Elsevier PLC v FTSE 100 – 5 years

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Reed Elsevier NV v AEX – 5 years

Graph of Reed Elsevier NV v AEX – 5 years