Transaction in Own Shares

21 July 2011

Resolution Limited (the "Company")

Transaction in own shares

Yesterday the Company purchased 351,985 of its own ordinary shares of no par value at prices between 274.4 pence per share and 277.3 pence per share, all of which ordinary shares are to be cancelled. This represents approximately 0.024 per cent of the Company's issued ordinary share capital.

Following the repurchase and cancellation, 1,446,470,347 ordinary shares of no par value will be in issue. There are no ordinary shares held in treasury.