Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Resolution Limited

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

X

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to the notification obligation:

Lloyds Banking Group plc

4. Full name of shareholder(s) (if different from 3.):

See Section 9

5. Date of the transaction and date on which the threshold is crossed or reached:

27 July 2010

6. Date on which issuer notified:

28 July 2010

7. Threshold(s) that is/are crossed or reached:

Direct / Indirect holdings reduced to below 170% (see section 13)

8. Notified details:

A: Voting rights attached to shares

Class/type of shares

if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of voting rights

Direct

Direct

Indirect

Direct

Indirect

Ord NPV

60,097,964

Pre consolidation

60,097,964

Pre consolidation

368,988

368,988

7,256,705

0.458%

9.003%

GG00B62W2327

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ Conversion Period

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date

Exercise/ Conversion period

Number of voting rights instrument refers to

% of voting rights

Ord NPV Nil Paid

GG00B3KTJ333

 30/07/2010

129,152,193

Nominal

Delta

160.225%

(see section 13)

Total (A+B+C)

Number of voting rights

Percentage of voting rights

136,777,886

169.685%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

Holding consists of the following positions:

Shares

7,539,991 shares (9.354%) are are under the control of Scottish Widows Investment Partnership Ltd, a wholly owned subsidiary of Scottish Widows Group Ltd, a wholly owned subsidiary of Lloyds TSB Bank plc, a wholly owned subsidiary of Lloyds Banking Group plc (Indirect Interests).

Nil Paid Rights

127,695,192 rights (158.417%) are are under the control of Scottish Widows Investment Partnership Ltd, a wholly owned subsidiary of Scottish Widows Group Ltd, a wholly owned subsidiary of Lloyds TSB Bank plc, a wholly owned subsidiary of Lloyds Banking Group plc (Indirect Interests).

Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will cease to hold:

N/A

12. Date on which proxy holder will cease to hold voting rights:

N/A

13. Additional information:

On 27 July 2010, Scottish Widows Investment Partnership sold nil paid rights pursuant to the issuer's Rights Issue. The nil paid rights position is therefore included in this disclosure, which is made in accordance with FSA Policy Statement PS 09/3 published in March 2009, and the associated Questions & Answers (Q&A's) published on 11 June 2009.

As instructed by the Q&A's, this notification has been made using the post consolidation Total Voting Rights figure of 80,616,814 as the denominator.

If this disclosure was made on the basis of the issuer's Total Voting Rights figure on completion of the Rights Issue (1,450,922,649), then Lloyds Banking Group plc and it's subsidiaries would have a disclosable interest of 9.427% of the voting rights of the issuer.

14. Contact name:

Andrew Kellett

15. Contact telephone number:

0113 235 7729