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Transaction in own shares

The Company announces that on 20 January 2016 it made a market purchase of 40,000 of its own Ordinary shares of 25p each, representing 0.10% of the issued share capital (excluding treasury shares). The shares were bought at 424.0p per share and the Company intends to hold these shares in treasury. These shares will only be re-issued at discounts which are less than the discounts at which the shares were bought.