Directorate Change

29 April 2010

RESOLUTION LIMITED

Registered Office: Trafalgar Court, Les Banques, St Peter Port, Guernsey, Channel Islands

Company Number: 49558

Board Changes

Resolution Limited (Resolution) is pleased to announce the appointment of Tim Wade as an independent non-executive director of the Company with effect from 19 May 2010.

Tim is a non-executive director of Macquarie Bank International where he Chairs the Audit Committee, and Access Bank UK, where he chairs the Credit Committee. He is also the Chief Executive Officer of Finance Pronto Limited, and a Governor of The Coeliac Society. Tim was formerly a Managing Director of AMP Limited. Between 1997 and 2000, Tim was Chief Financial Officer of Colonial Limited, where he was closely involved in the rationalisation of the life insurance industry in Australia, having previously held the role of Chief Taxation Counsel (1994-1997). From 1984 until 1994, Tim worked at Arthur Andersen in Melbourne and Singapore where he became a Partner in 1992. Tim is qualified as a lawyer and an accountant, and has a long career in financial services around the world. Tim is resident in the UK.

With the appointment of Tim and other recent appointments to the Board, the Board has taken the opportunity to review the composition of its committees to ensure that the expertise and experience of the Board is fully utilised. The changes to the membership of the committees will take effect from 19 May 2010. The membership of the Board's committees will be as follows:

Audit & Risk Committee:

Tim Wade (Chairman) Mel Carvill Fergus Dunlop Phil Hodkinson Denise Mileham

Nomination Committee:

Mike Biggs (Chairman) Jacques Aigrain Gerardo Arostegui Mel Carvill Phil Hodkinson Denise Mileham

Peter Niven

Remuneration Committee:

Gerhard Roggemann (Chairman) Jacques Aigrain Gerardo Arostegui Mike Biggs Peter Niven

Phil Hodkinson continues to be the Senior Independent Director.

Mike Biggs, Chairman of Resolution, said:

"We are delighted that Tim is joining the Board. His appointment completes the strengthening of the Board anticipated at the time of the acquisition of Friends Provident and his financial experience will complement the experience of the existing members of the board"

Enquiries:

Media Alex Child-Villiers, Temple Bar Advisory +44 (0)7795 425580

Investors and Analysts Neil Wesley, Resolution Operations LLP +44 (0) 203 372 2928

Notes to Editors:

In accordance with Listing Rule 9.6.13R, Resolution confirms that there is no information to be disclosed under paragraphs (2) to (6) (inclusive) of LR 9.6.13R in respect of Tim Wade.

A copy of this announcement and a biography of Tim Wade will be available, subject to certain restrictions relating to persons resident in restricted jurisdictions, for inspection on Resolution's website at www.resolution.gg.