Statement re Press Speculation

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES OR ANY OTHER JURISDICTION WHERE TO DO THE SAME WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

1 March 2010

For immediate release

Resolution Limited - Statement regarding press speculation

Resolution Limited notes the recent press speculation regarding Prudential plc's potential acquisition of AIA and a possible subsequent disposal of its UK life assurance operations to Resolution.

Resolution confirms that it is not in discussions with Prudential regarding the acquisition of its UK life assurance operations.

Investors/analysts:

Steve Riley, Resolution Operations +44 (0)203 372 2908

Media:

Alex Child-Villiers, Temple Bar +44 (0)77 9542 5580

Notes to Editors:

Resolution is listed on the Official List and admitted to trading on the London Stock Exchange. Resolution was formed with an express mandate for consolidation and restructuring in the financial services industry in Western Europe.

Resolution's current focus is on the consolidation and restructuring of businesses in the UK life assurance and asset management sectors. Resolution regularly assesses possible transactions with different life assurance companies in connection with its consolidation strategy, including both listed and privately-held groups. Resolution acquired Friends Provident Group plc as part of this project in November 2009.