Transaction in Own Shares

20 October 2011

Resolution Limited (the "Company")

Transaction in own shares

Yesterday the Company purchased 482,218 of its own ordinary shares of no par value at prices between 276.1 pence per share and 278.8 pence per share, all of which ordinary shares are to be cancelled. This represents approximately 0.034 per cent of the Company's issued ordinary share capital.

Following the repurchase and cancellation, 1,390,994,672 ordinary shares of no par value will be in issue. There are no ordinary shares held in treasury.