Transaction in Own Shares

11 July 2011

Resolution Limited (the "Company")

Transaction in own shares

On 8 July 2011 the Company purchased 725,000 of its own ordinary shares of no par value at prices between 290.0 pence per share and 296.5 pence per share, all of which ordinary shares are to be cancelled. This represents approximately 0.05 per cent of the Company's issued ordinary share capital.

Following the repurchase and cancellation, 1,451,450,332ordinary shares of no par value will be in issue. There are no ordinary shares held in treasury.