REED ELSEVIER P L C

CUSIP: 758205207 Class: SPONS ADR NEW

Northwest & Ethical Investments L.P.'s Holding History (CIK: 0002033536)

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

Q4 2010
Shares 7,800 Value ($000) $262 Avg Close — Range —
Q3 2010
Shares 40,600 Value ($000) $1,370 Avg Close — Range —
Q2 2010
Shares 50,925 Value ($000) $1,492 Avg Close — Range —
Q1 2010
Shares 46,700 Value ($000) $1,499 Avg Close — Range —
Q4 2009
Shares 40,700 Value ($000) $1,335 Avg Close — Range —
Q3 2009
Shares 35,650 Value ($000) $1,072 Avg Close — Range —