Transaction in Own Shares

23 September 2011

Resolution Limited (the "Company")

Transaction in own shares

Today the Company purchased 500,000 of its own ordinary shares of no par value at prices between 234.00 pence per share and 240.30 pence per share, all of which ordinary shares are to be cancelled. This represents approximately 0.106 per cent of the Company's issued ordinary share capital.

Following the repurchase and cancellation, 1,411,028,306 ordinary shares of no par value will be in issue. There are no ordinary shares held in treasury.