Transaction in Own Shares

29 July 2011

Resolution Limited (the "Company")

Transaction in own shares

Today the Company purchased 559,794 of its own ordinary shares of no par value at prices between 271.8 pence per share and 278 pence per share, all of which ordinary shares are to be cancelled. This represents approximately 0.039 per cent of the Company's issued ordinary share capital.

Following the repurchase and cancellation, 1,442,585,781 ordinary shares of no par value will be in issue. There are no ordinary shares held in treasury.