Transaction in Own Shares

18 July 2011

Resolution Limited (the "Company")

Transaction in own shares

On 15 July the Company purchased 600,000 of its own ordinary shares of no par value at prices between 276.7 pence per share and 280.6 pence per share, all of which ordinary shares are to be cancelled. This represents approximately 0.041 per cent of the Company's issued ordinary share capital.

Following the repurchase and cancellation, 1,448,797,332 ordinary shares of no par value will be in issue. There are no ordinary shares held in treasury.