Transaction in Own Shares

8 September 2011

Resolution Limited (the "Company")

Transaction in own shares

Yesterday the Company purchased 445,525 of its own ordinary shares of no par value at prices between 248.5 pence per share and 254.4 pence per share, all of which ordinary shares are to be cancelled. This represents approximately 0.031 per cent of the Company's issued ordinary share capital.

Following the repurchase and cancellation, 1,418,845,306 ordinary shares of no par value will be in issue. There are no ordinary shares held in treasury.