1. ResilientPerformance2009 Half-YearResultsJuly 29, 2009 - AmsterdamNancy McKinstryCEO and Chairmanof the Executive BoardBoudewijn BeerkensCFO and Memberof the Executive BoardJack LynchMemberof the Executive Board

2. Forward-looking Statements This presentation contains forward-looking statements. These statements may be identified by words such as "expect", "should", "could", "shall", and similar expressions. Wolters Kluwer cautions that such forward-looking statements are qualified by certain risks and uncertainties, that could cause actual results and events to differ materially from what is contemplated by the forward-looking statements. Factors which could cause actual results to differ from these forward-looking statements may include, without limitation, general economic conditions, conditions in the markets in which Wolters Kluwer is engaged, behavior of customers, suppliers and competitors, technological developments, the implementation and execution of new ICT systems or outsourcing, legal, tax, and regulatory rules affecting Wolters Kluwers businesses, as well as risks related to mergers, acquisitions and divestments. In addition, financial risks, such as currency movements, interest rate fluctuations, liquidity and credit risks could influence future results. The foregoing list of factors should not be construed as exhaustive. Wolters Kluwer disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.2009 Half-Year Results - Resilient Performance July 29, 2009 Amsterdam 2 3. Agenda Introduction & Highlights Financial Performance Operating Performance & Outlook Q&A 2009 Half-Year Results - Resilient Performance July 29, 2009 Amsterdam 3 4. Highlights 2009 Half-YearResilient earnings growth, profit margins, and free cashperformance despite weak market conditionsDiluted ordinary EPS grew 12% to 0.70Ordinary EBITA margin improved 70 basis points to 18.6%Free cash flow improved 38% to 146 millionRevenue growth of 7% (2% at constant currencies1 underlyingrevenue declined 3% reflected challenging cyclical conditions)Higher margin electronic revenue grew 7% (52% of total revenue)2009 full-year guidance reiteratedNet debt reduced to 2,235 millionProgressive annual dividend policy reiterated1Constant currencies (EUR/USD = 1.47)2009 Half-Year Results - Resilient Performance July 29, 2009 Amsterdam 4 5. AccomplishmentsSteadfast in the pursuit of our long-term strategy to deliverprofitable revenue growthCommitment to invest of 8-10% of revenue in new productsNext-generation delivery platforms receive wide acclaimincluding IntelliConnectTM and OvidSPElectronic revenues grew to 52% of total revenueIntegration of prior year acquisitions on trackRestructured Health division showing improvementSpringboard: On track to comfortably deliver full-year savingsExpansion of Global Shared Services 2009 Half-Year Results - Resilient Performance July 29, 2009 Amsterdam 5 6. Innovative Information, Software, and Services Continued growth in higher margin electronic products as customers demand efficient work flow solutions Electronic revenue now comprises 52% of total revenueElectronic Revenue as a % of TotalRevenue: Half-Year 20091,720 million52% 49%50%46% 47%42% Print Online 38% 32% 31%31%Software Services21% 16%0304050607080809 20 20 20 20 20 20 HY HY 2009 Half-Year Results - Resilient PerformanceJuly 29, 2009 Amsterdam6 7. Key Performance IndicatorsGood earnings growth, profit margins, and strong free cashperformance sets the stage for delivery of full-year guidance Half-YearHalf-Year Full-YearFull-YearActual Actual GuidanceActual 2009 20082009 2008Ordinary EBITA margin 18.6%17.9% 20% 20.1%134 105 350395Free cash flow1 millionmillionmillionmillionReturn on invested capital na 8%8.3%(after tax)1.41 toDiluted ordinary EPS1 0.64 0.631.431.461at constant currencies (EUR/USD = 1.47) 2009 Half-Year Results - Resilient PerformanceJuly 29, 2009 Amsterdam 7 8. FinancialPerformance2009 Half-YearResultsJuly 29, 2009 - AmsterdamBoudewijn BeerkensCFO and Memberof the Executive Board 9. Half-Year HighlightsResilient earnings growth, profit margins, and free cashperformance despite weak market conditionsOrdinary EBITA Margin1Diluted ordinary EPS18.6% 0.64+70 bps 17.9%+0.01 0.63 HY 2008HY 2009HY 2008 HY 200912Free Cash Flow Net Debt/ EBITDA Ratio millions134 3.2+27% 3.1105 Target: 2.5 HY 2008HY 2009FY 2008 HY 20091Atconstant currencies (EUR/USD = 1.47)2Net Debt/ EBITDA Ratio is based on a rolling 12 months2009 Half-Year Results - Resilient Performance July 29, 2009 Amsterdam 9 10. Revenue GrowthKey strategic acquisitions contributed to growth while underlying revenuewere impacted by economic conditions and challenges in transactional andcyclical product lines Revenue: Half-Year 20091,720 millionRevenue: Six Months Ended June 30Legal, TaxHealth&21% millions2009 2008 CC OGRegulatoryHealth 365305 20% 9%(1%)Europe Corporate & 37%Financial CFS259236 10%(4%) (4%) Services Tax, TAL471429 10% 3%(3%) 15%Accounting & LegalLTRE 625638 (2%)0%(4%) 27%Wolters Kluwer 1,7201,608 7%2%(3%) - % Change; CC - % Change constant currency (EUR/USD 1.47); OG Organic growth % 2009 Half-Year Results - Resilient Performance July 29, 2009 Amsterdam10 11. Consolidated Revenue CFS transactions Sound performance in underlying 5%subscription and other non-cyclical Books revenues, materially in line with theAdvertising 9% 3%prior yearPharma Books showed good growth due toSubscription & promomotion strong advanced ordering for the fallOther Non-2%Cyclical semester selling season in Health73% Trainingdivision2%Other cyclical Advertising and pharmaceutical 6%promotion revenues continued to be challenged by the weak economic conditionsRevenues: Six months ended June 30th Corporate & Financial Services (CFS) transactional products declined due( millions) 2009 2008CC OG to continued weak transactionSubscription & othernon-cyclical1,257 1,137 11% 6%(1%) volumes in the M&A, IPO, UCC lending, and indirect lending marketsBooks 149 1416% 1% 1%Advertising & promo81 88(8%) (13%) (13%) Other cyclical revenues includeCFS transactions 92 92 0%(13%) (13%) consulting and transport services,Other cyclical141 150 (6%) (10%) (10%) which were also adversely affected by the economyReported revenues 1,720 1,6087% 2%(3%) - % Change; CC - % Change constant currency (EUR/USD 1.47); OG Organic growth %2009 Half-Year Results - Resilient Performance July 29, 2009 Amsterdam 11 12. Net Acquisition ContributionPrior year strategic acquisitions have contributed to revenuegrowth and improved profitability PerformanceAcquisitionsDivisionIntegrationin Line withInclude Segment CompleteExpectationsHealthUpToDate Clinical data to physicians Accountancy software/MYOB services in UKTALIntelliTax Tax preparation software and e-filing Integrated workflowLTREAddison software in Germany Net acquisition ordinary EBITA margin: > 30% 2009 Half-Year Results - Resilient PerformanceJuly 29, 2009 Amsterdam12 13. Currency ImpactMovement of EUR/USD exchange rate positively impacted results Components of Growth Revenue by GeographyHalf-Year 2009: 1,720 millionAsia Pacific5% 3%7%NorthNorth AmericaEurope America 52%Europe 45% 44% 53% 5%2% Rest of-3% World 3%OrganicNet Constant CurrencyTotalGrowthAcquisition Currencies ImpactGrowth Growth 2009 Half-Year Results - Resilient Performance July 29, 2009 Amsterdam13 14. Ordinary EBITA Improvement driven by performance of higher margin, online and software products, the contribution of prior year acquisitions and operational excellence programs, including project SpringboardOrdinary EBITA: Half-Year 2009 320 million Ordinary EBITA %: Six Months Ended June 30 2009 2008 Legal, TaxHealth &12% Corporate &Health11.1% 4.6% Regulatory Financial CFS 23.6%27.6% Europe Services32%18% TAL 27.4%26.4%Tax, LTRE17.4%17.9% AccountingWolters Kluwer18.6%17.9%& Legal38% Note: Corporate costs - 19 million 2009 Half-Year Results - Resilient Performance July 29, 2009 Amsterdam 14 15. Statement of Profit & LossHalf Year ( millions) 2009 2008%% CC1Revenue1,720 1,6087% 2%Ordinary EBITA320 288 11%4%Ordinary EBITA Margin (%)18.6% 17.9%Exceptional items (28) 0Amortization(91) (56) 62% 47%Financing Results (57) (49) 19% 27%Taxation on income(11) (39) (71%)(68%)Net income133 144(8%)(19%)1 CC At constant currencies (EUR/USD = 1.47)2009 Half-Year Results - Resilient Performance July 29, 2009 Amsterdam 15 16. Reconciliation Ordinary Net Income/ EPS Half year ( millions) 20092008 Net Income 133144 Non-controlling interests (1) 0 Net Income to Owners of the Company 132 144 Amortization of Intangibles 91 56 Taxation on Amortization(30)(21) Results on Disposals (after taxation) (8)(1) Exceptional Items (after taxation)180 Ordinary Net Income 203 178 Weighted Average # Diluted Shares 292 million 287 million Diluted ordinary EPS0.700.62 Diluted ordinary EPS (constant currencies)1 0.640.63 CC At constant currencies (EUR/USD = 1.47) 2009 Half-Year Results - Resilient Performance July 29, 2009 Amsterdam 16 17. Consolidated Balance Sheet millions June 2009December 2008 Non-Current Assets 4,8004,873 Operating Working Capital(615)(640) Non-Operating Working Capital(396)(459) Working Capital(1,011)(1,099) Capital Employed 3,7893,774 Equity 1,4581,447 Long-Term Debt 1,8941,914 Non-Current Liabilities 437 413 Total Financing3,7893,774 Net Debt 2,2352,254 Net Debt/ Equity 1.5 1.6 Net Debt/ EBITDA 3.1 3.2 2009 Half-Year Results - Resilient Performance July 29, 2009 Amsterdam 17 18. Free Cash Flow Half Year ( millions)2009 2008% % CC1 Ordinary EBITA 320 28811%4% Depreciation 4538 Aut. Movements in Working Capital(21) (61) Financing Charges(112)(67) Paid Corporate Income Tax(21) (29) Appropriation of Provisions(27) (8) Other1213 Cash Flow from Operating Activities19617413% 3% Net Capital Expenditure(61) (69)(11%)(19%) Dividends Received11 Appropriation of Springboard Provisions10 Free Cash Flow 14610638%27% Cash Conversion88%68% CC At constant currencies (EUR/USD = 1.47) 2009 Half-Year Results - Resilient Performance July 29, 2009 Amsterdam 18 19. Investment Levels in Line with TargetsThe company continues to invest in new products and platforms to supportfuture growthInvestments as a % of Investment InitiativesRevenuesPfx.net: next-generation tax 8-10%software platform9% 8% IntelliConnect: global onlineplatform4-6%5%OvidSP: global Health online4%platformContent conversion platform:4%4%4%Germany/ Netherlands2007 Actual 2008 Actual 2009 TargetOperating expendituresCapital expenditures 2009 Half-Year Results - Resilient Performance July 29, 2009 Amsterdam 19 20. SpringboardOperational excellence/ cost savings program on track MGTPCurrent Results Program on track and in-line with management expectations Content Total cost savings increased by 20 million to 36 million inRe-engineering the first half of 2009 (2008 full-year savings: 16 million) Exceptional costs incurred year-to-date: 19 millionSupplier Full-year 2009 run rate cost savings of 55 million will beManagement comfortably achieved Longer TermOffshoring Program is designed to further optimize the business resulting in sustainable margin improvementBusiness Run rate savings are expected to reach 120 million by 2011Optimization Non-recurring program costs of 180 million through 2011 will be treated as exceptional costsProgram Savings and Costs2009 20102011 million (pre tax) 2008 ActualEstimate EstimateEstimate TotalCost Savings16 55100120 120Exceptional Program Cost45 5545 351802009 Half-Year Results - Resilient PerformanceJuly 29, 2009 Amsterdam 20 21. Solid Financial Position Net Debt/ EBITDAFree Cash Flow ( million) 3.23.1 2.9 399405 3952.6 2.4 350311 2005200620072008 2009 HY 2005 2006 2007200820092009 Guidance at constant currencies EUR/ USD 1.47Guidance Autonomous movement in Debt Maturity Profile ( million) Working Capital ( million) 1,8502719583 242513* 520 13 6 (18) (19)(61) (21) Cash & 20092010 2011 2012 2013Due2005200620072008 2008 2009 Derivatives afterHY HY 2013 2009*: Outstanding part of redemption on credit facility and bank overdrafts2009 Half-Year Results - Resilient Performance July 29, 2009 Amsterdam 21 22. OperatingPerformance2009 Half-YearResultsJuly 29, 2009 - AmsterdamNancy McKinstryCEO and Chairmanof the Executive Board 23. Health Highlights Significant progress in the divisions performance was achieved in the first-half Clinical Books showed good growth due to strong advanced ordering for the Solutions Pharma fall semester selling season18% Solutions27% Medical Research posted strong growth driven by renewal sales Good organic growth in Clinical Solutions due to renewal sales for core Medi-Span and other subscription products - UpToDate grew Professional & at a double digit levelEducationMedical 35%Research P&E Journals and Pharma Solutions growth continue to be20% adversely affected by the economic cycle Strong margin improvement delivered through improved performance, cost savings programs and the contribution of the UpToDate acquisition Revenue Half-Year 2009: 365 millionHalf YearMillions20092008 CC OGRevenue (EUR) 365 305 20%9%(1%)Revenue (USD) 488 467Ordinary EBITA (EUR)41 14 188%169% 110%Ordinary EBITA (USD)56 23Ordinary EBITA Margin11.1%4.6% - % Change; CC - % Change constant currency (EUR/USD 1.47); OG Organic growth %2009 Half-Year Results - Resilient Performance July 29, 2009 Amsterdam 23 24. Health Revenue Stable subscription and other non-cyclical Revenues: Six months ended June 30th results driven by good renewal rates, offset by( millions)20092008CCOG weaker new product salesSubscription & other Book products restored to growth with stronger non-cyclical233 183 27%16%0% wholesaler results and advance fall semester Books 615216% 6%6% ordersAdvert/ pharma promo5555 0%(9%)(9%) Journal advertising and other pharmaceutical Other cyclical161510% 0%0% promotional products impacted by economicReported revenues 365 305 20% 9% (1%) conditions- % Change;CC - % Change constant currency (EUR/USD 1.47);OG Organic growth % Stable progress in online sales and the addition of UpToDate drive electronic revenue to 53% of total revenue Electronic as a % of Total RevenueServicesBooks5% 17% Advertising 53% 4%OnlineSubscription Pharma Print47%& Other Non- promo42%Cyclical 11%47% 64%Other Software cyclical6%4%Product Type 2008 HY2009 HY Media Format2009 Half-Year Results - Resilient PerformanceJuly 29, 2009 Amsterdam 24 25. CFS Highlights The division leveraged its brands, strong customer loyalty, and market positions to increase its market share penetration by offering leading full service compliance solutions to its customers Corporate & Legal Services results were impacted by lower Financial corporate formation and UCC lien search transaction volumes Services Financial Services banking, securities, and insurance products 36% posted strong growth driven by stable retention rates and growth Corporate & in mortgage transaction volume levels related to refinanceLegal Services activity. Other lending transactional products continued to face 64% challenges due to constraints in credit markets Ordinary EBITA margins remained strong due to diligent cost management but were impacted by transactional revenue results Revenue Half-Year 2009: 259 million Half YearMillions20092008 CCOGRevenue (EUR) 259 236 10%(4%) (4%)Revenue (USD) 344 360Ordinary EBITA (EUR)6165 (6%)(19%) (19%)Ordinary EBITA (USD)81100Ordinary EBITA Margin23.6% 27.6% - % Change; CC - % Change constant currency (EUR/USD 1.47); OG Organic growth %2009 Half-Year Results - Resilient PerformanceJuly 29, 2009 Amsterdam25 26. CFS Revenue Stable subscription and other non-cyclical Revenues: Six months ended June 30th revenue driven by performance of ( millions)20092008CCOG representation, banking, securities andSubscription & other insurance products non-cyclical160 140 15% 0%0% Corporate & Legal Services underlyingCLS transactions6466(3%) (16%) (16%) transactions down 16% due to constrainedFS transactions 282510% (4%) (4%) lending environment and lower corporate formation activity Other cyclical 7 538% 20%20%Reported revenues 259 236 10% (4%) (4%) Financial Services transactions declined 4% driven by continued weakness in indirect - % Change;CC - % Change constant currency (EUR/USD 1.47);OG Organic growth % lending market mortgage transaction volumes improved modestly due to refinancing activityElectronic as a % ofTotal Revenue CLS53% transactionsOnline 25% Services33%Subscription 41%& Other Non-Cyclical FStransactions 52%62% 10% PrintSoftware6% 20% OthercyclicalProduct Type3%2008 HY 2009 HY Media Format2009 Half-Year Results - Resilient PerformanceJuly 29, 2009 Amsterdam 26 27. TAL Highlights The division continued to strengthen its core leadership position by increasing penetration of its next-generation platforms for information and software including the launch of IntelliConnectTM Tax and Accounting: Good subscription growth in the U.S. andLaw & Canada offset by weaker results in cyclical revenues particularly in Business bank product transaction. New software sales were weaker due to32% economic conditions Tax and Law & Business: Double-digit growth in bankruptcy and MediRegs Accounting product lines and strong growth in online subscriptions and 68% textbooks was offset by declines in print subscriptions, weaker new sales and the U.K. business Strong EBITA margin improvement driven by contribution of acquisitions, good growth in electronic subscriptions, and benefits of Project Springboard Revenue Half-Year 2009: 471 million Half YearMillions20092008 CC OGRevenue (EUR) 471 429 10%3%(3%)Revenue (USD) 625 654Ordinary EBITA (EUR)129 113 14%4%(9%)Ordinary EBITA (USD)171 172Ordinary EBITA Margin27.4%26.4% - % Change; CC - % Change constant currency (EUR/USD 1.47); OG Organic growth %2009 Half-Year Results - Resilient Performance July 29, 2009 Amsterdam 27 28. TAL Revenue Subscription revenues were in line with prior Revenues: Six months ended June 30th year while other non-cyclical revenues, which ( millions)20092008CCOG includes bank product transactions and tax Subscription & other form click product lines, were below prior year non-cyclical374 331 13% 6% (2%) due to adverse economic conditions Books 33321% (6%)(6%) Strong performance in online subscriptions and Other cyclical6466(3%) (9%)(9%) Legal textbooks for the student market was offset by weak new book sales and declines in Reported revenues 471 429 10% 3% (3%) print subscriptions - % Change;CC - % Change constant currency (EUR/USD 1.47);OG Organic growth % Books and other cyclical products, which includes advertising, training and consulting services, were below the prior year due to economic conditions and weak new salesElectronic as a % ofTotal Revenue56% ServicesBooks OnlineSubscription 20%7% 30%& Other Non-Cyclical OtherPrint79% cyclical 55% 24% 14% Software26% Product Type 2008 HY2009 HY Media Format 2009 Half-Year Results - Resilient PerformanceJuly 29, 2009 Amsterdam 28 29. LTRE Highlights Revenue results were impacted by cyclical declines in advertising, training and consulting as well as weaker new sales across the Scandinavia business due to economic conditions3% Belgium 9% France Online and software sales continued to perform well as customers16% migrated from print to electronic products Netherlands Central and Eastern Europe performed well driven by improved16% retention rates, good new product sales, and sustained growth inItaly/ Spain key countries. Scandinavia benefited from strong electronic sales Teleroute29% Germany/5% Belgium, Germany and Italy demonstrated stability in a challengingCentral & economic environment with good retention sales Addison Eastern integration in Germany is on track Europe22% Results in France and the Netherlands were impacted by declines in advertising and other cyclical productsRevenue Half-Year 2009: 625 million Ordinary EBITA margins remained strong due to the benefits of Project Springboard and diligent cost management but were impacted by transactional revenue results Half YearMillions20092008 CCOGRevenue (EUR) 625 638(2%)0% (4%)Ordinary EBITA (EUR)108 114(5%)(2%)(10%)Ordinary EBITA Margin17.4%17.9% - % Change; CC - % Change constant currency (EUR/USD 1.47); OG Organic growth %2009 Half-Year Results - Resilient PerformanceJuly 29, 2009 Amsterdam 29 30. LTRE Revenue Subscription revenues in line with the prior Revenues: Six months ended June 30th year, stable retention sales while other non-( millions)20092008 CC OG cyclical products were weaker due toSubscription & other recessionary market conditions non-cyclical490 484 1% 3%(2%) Book products showed signs of stabilization in Books 56560% 2% 2% the period and posted organic growth of 2%Advertising 2431(21%)(19%) (19%) Advertising revenue declined 19%, primarily in Other cyclical5567(18%)(16%) (16%) France and the NetherlandsReported revenues 625 638 (2%) 0%(4%) Other cyclical products, including training, - % Change;CC - % Change constant currency (EUR/USD 1.47);OG Organic growth % consulting, and transport, declined 16% Strong growth in electronic revenue, now 50% of total revenue Electronic as a % of Total Revenue Services9%Books 50% Online 9%Subscription 23%& Other Non- AdvertisingCyclical 4%Print 78% 41%SoftwareOther 46% 27% cyclical9% Product Type2008 HY2009 HY Media Format2009 Half-Year Results - Resilient PerformanceJuly 29, 2009 Amsterdam 30 31. 2009 Full-YearOutlook2009 Half-YearResultsJuly 29, 2009 - AmsterdamNancy McKinstryCEO and Chairmanof the Executive Board 32. 2009 Outlook Key Performance Indicators 2009 Guidance Ordinary EBITA MarginBroadly In-line with 2008 Free Cash Flow1 350 million Return on Invested Capital (after tax) 8% Diluted ordinary EPS11.41 to 1.46 At constant currencies (EUR/USD = 1.47) 2009 Half-Year Results - Resilient PerformanceJuly 29, 2009 Amsterdam 32 33. Outlook Realistic ExpectationsConfident Outlook Weak market conditions areResilient first-half sets the stage expected to continuefor continued success Customers will continue toSubscription portfolio provides stability carefully evaluate incremental spending for new products Recent acquisitions support margin expansion New sales will continue to experience extended timelines Migration from print to higher margin electronic products to Cyclical and transactionalcontinue products will continue to reflect Project Springboard on track to economic conditions deliver expected savings 2nd half-comparables are favorable as compared to 1st half 2009 Half-Year Results - Resilient PerformanceJuly 29, 2009 Amsterdam 33 34. Summary Diversified and resilient portfolio Good progress against strategic goals Growing online and software solutions portfolio Continued investment to ensure long-term success Solid profitability and cash flow Strong financial position Well positioned for the future2009 Half-Year Results - Resilient Performance July 29, 2009 Amsterdam 34 35. Q&AJuly 29, 2009 - AmsterdamNancy McKinstryCEO and Chairmanof the Executive BoardBoudewijn BeerkensCFO and Memberof the Executive BoardJack LynchMemberof the Executive Board