Transaction in Own Shares

4 July 2011

Resolution Limited (the "Company")

Transaction in own shares

On 1 July 2011 the Company purchased 750,000 of its own ordinary shares of no par value at prices between 292.1 pence per share and 295 pence per share, all of which ordinary shares are to be cancelled. This represents approximately 0.051 per cent of the Company's issued ordinary share capital.

Following the repurchase and cancellation, 1,454,210,332 ordinary shares of no par value will be in issue. There are no ordinary shares held in treasury.