Transaction in Own Shares

17 August 2011

Resolution Limited (the "Company")

Transaction in own shares

Today the Company purchased 577,000 of its own ordinary shares of no par value at prices between 260.10 pence per share and 270.60 pence per share, all of which ordinary shares are to be cancelled. This represents approximately 0.040 per cent of the Company's issued ordinary share capital.

Following the repurchase and cancellation, 1,430,989,763 ordinary shares of no par value will be in issue. There are no ordinary shares held in treasury.