New Issue- Reed Elsevier prices 350 mln euro 2017 FRN

May 14(Reuters) -Following are terms and conditions

of an FRN priced on Wednesday.

Borrower Elsevier Finance SA via Aquarius + Investments plc

Guarantor Joint and several by Reed Elsevier PLC (Frankfurt: RDEB.F - news) and

Reed Elsevier NV (Dusseldorf: ELVA.DU - news)

Issue Amount 350 million euro

Maturity Date May 20, 2017

Coupon 3-month Euribor + 50bp

Issue price Par

Discount Margin 3-month Euribor + 50bp

Payment Date May 20, 2014

Lead Manager(s) BNP Paribas (Milan: BNP.MI - news) , Mitsubishi (Dusseldorf: MBI.DU - news) , RBS (LSE: RBS.L - news) & Societe Generale CIB

Ratings Baa1 (Moody's), BBB+ (S&P),

A- (Fitch)

Listing Irish

Full fees Undisclosed

Denoms (K) 100

Governing Law English

Notes Launched under issuer's $10bn Secured DIP Programme

ISIN XS1069860374

Security (LSE: SRG.L - news) details and RIC, when available, will be

on

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