REED ELSEVIER N V

CUSIP: 758204200 Class: SPONS ADR NEW

Ativo Capital Management LLC's Holding History (CIK: 0001423065)

Note: Option positions (PUT/CALL) are excluded.

Q1 2015
Shares 46,469 Value ($000) $2,314 Avg Close — Range —
Q4 2014
Shares 49,892 Value ($000) $2,377 Avg Close — Range —
Q3 2014
Shares 54,280 Value ($000) $2,453 Avg Close — Range —
Q2 2014
Shares 54,292 Value ($000) $2,494 Avg Close — Range —
Q1 2014
Shares 55,606 Value ($000) $2,410 Avg Close — Range —
Q4 2013
Shares 54,906 Value ($000) $2,343 Avg Close — Range —
Q3 2013
Shares 55,432 Value ($000) $2,223 Avg Close — Range —
Q2 2013
Shares 64,564 Value ($000) $2,138 Avg Close — Range —