Scrip Dividend Calculation Price

Scrip Dividend Calculation Price

Resolution Limited (the "Company") announces that the calculation price for the new fully paid ordinary shares to be issued to shareholders who elect to receive the scrip dividend alternative for the 2010 final dividend is 296.92 pence per share.

The calculation price is the average of the middle market quotations of an ordinary share, as derived from the London Stock Exchange Daily Official List for the five consecutive dealing days starting with Wednesday, 20 April 2011 (the ex-dividend date for the 2010 final dividend).

The final date for the delivery of the scrip mandate forms and dividend election input messages is 5.00pm on Thursday, 12 May 2011.

The payment date of the final dividend and the first day of dealing in the new shares is Thursday, 26 May 2011.

Payment of the dividend is subject to shareholder approval at the Company's annual general meeting to be held on Wednesday, 18 May 2011 at 11am.

Details of the scrip dividend scheme were sent to Shareholders on Wednesday, 13 April 2011. A copy of this announcement plus full details and copies of the published documents regarding the scrip dividend are and will be available, subject to certain restrictions relating to persons resident in restricted jurisdictions, on the Company's website at www.resolution.gg.

All Enquiries:

Resolution Limited

The Company Secretary

Northern Trust International Fund Administration Services (Guernsey) Limited

+44 (0)1481 745370.