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The directors of Reed Elsevier PLC have proposed
a final dividend of 8.0p per ordinary share (2001: 7.4p) which, when added
to the interim dividend already paid of 3.2p per ordinary share (2001: 3.1p),
amounts to a total 2002 dividend of 11.2p per ordinary share (2001: 10.5p),
an increase of 7%. Dividends paid to Reed Elsevier PLC and Reed Elsevier
NV shareholders are equalised at the gross level inclusive of the UK tax
credit received by certain Reed Elsevier PLC shareholders. An equalisation
adjustment equalises the benefit of the UK tax credit between the two sets
of shareholders in accordance with the equalisation agreement. |
