Transaction in Own Shares

22 July 2011

Resolution Limited (the "Company")

Transaction in own shares

Yesterday the Company purchased 360,000 of its own ordinary shares of no par value at prices between 277.0 pence per share and 286.4 pence per share, all of which ordinary shares are to be cancelled. This represents approximately 0.025 per cent of the Company's issued ordinary share capital.

Following the repurchase and cancellation, 1,446,110,347 ordinary shares of no par value will be in issue. There are no ordinary shares held in treasury.