Transaction in Own Shares

22 September 2011

Resolution Limited (the "Company")

Transaction in own shares

Yesterday the Company purchased 835,000 of its own ordinary shares of no par value at prices between 242.90 pence per share and 246.20 pence per share, all of which ordinary shares are to be cancelled. This represents approximately 0.059 per cent of the Company's issued ordinary share capital.

Following the repurchase and cancellation, 1,413,028,306 ordinary shares of no par value will be in issue. There are no ordinary shares held in treasury.