Transaction in Own Shares

14 October 2011

Resolution Limited (the "Company")

Transaction in own shares

Yesterday the Company purchased 1,072,974 of its own ordinary shares of no par value at prices between 268.5 pence per share and 274 pence per share, all of which ordinary shares are to be cancelled. This represents approximately 0.077 per cent of the Company's issued ordinary share capital.

Following the repurchase and cancellation, 1,393,524,737 ordinary shares of no par value will be in issue. There are no ordinary shares held in treasury.