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BUSINESS SUMMARY Reed Elsevier plc  

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BUSINESS SUMMARY Reed Elsevier plc (formerly Reed International) operates publishing and information business through its 50% interest in Reed Elsevier Group plc. The company's activities include science and medical, legal, education and business publishing. Its principal operations are in North America and Europe. Reed Elsevier plc holds a 39% interest in Reed Elsevier Finance BV, with Reed Elsevier NV holding a 61% interest. The company's business provides products and services that are organized to serve four business sectors: * Elsevier serves the science and medical sector * Lexis Nexis, the legal sector * Harcourt Education, the education sector * Reed Business, the business-to-business sector. On June 30, 2004, Harcourt Education acquired Saxon Publishers, a publisher of skill based instructional material for pre-kindergarten through high school students in mathematics, phonics and early childhood learning. Share Performance Price (pence): 5.50 52 Week High: 5.67 Volume (millions) 8.7 52 Week Low: 4.61 Currency: GBP FINANCIAL SUMMARY For the six months ended 30 June 2005, Reed Elsevier Plc's...

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