Transaction in Own Shares

16 August 2011

Resolution Limited (the "Company")

Transaction in own shares

Yesterday the Company purchased 227,500 of its own ordinary shares of no par value at prices between 256.40 pence per share and 268.20 pence per share, all of which ordinary shares are to be cancelled. This represents approximately 0.016 per cent of the Company's issued ordinary share capital.

Following the repurchase and cancellation, 1,431,566,763 ordinary shares of no par value will be in issue. There are no ordinary shares held in treasury.