Transaction in Own Shares

24 June 2011

Resolution Limited (the "Company")

Transaction in own shares

Today the Company purchased 520,745 of its own ordinary shares of no par value at prices between 289.5 pence per share and 298.2 pence per share, all of which ordinary shares are to be cancelled. This represents approximately 0.036 per cent of the Company's issued ordinary share capital.

Following the repurchase and cancellation, 1,457,995,332 ordinary shares of no par value will be in issue. There are no ordinary shares held in treasury.