Rights Issue

Details Company Name: Range Resources Ticker: RRL Date Posted: Tuesday, 5th January 2010 Price: 3.5 (as of Monday, 4th January 2010)

Range Resources Limited ("Range" or "the Company") is pleased to announce that it will undertake a non-renounceable entitlements issue ("Rights Issue") to raise approximately $7.0 million (before expenses).

Shareholders shall be entitled to acquire one (1) new ordinary Range Share (" New Share") for every four (4) existing Range Shares held at the record date (to be determined) at an issue  price of $0.05 per share. Shareholders with UK addresses will be eligible to participate.

The Company is in final negotiations with a number of interested parties to have the Rights Issue fully underwritten.

Range is currently preparing the necessary regulatory and compliance documentation and will provide an update once complete, along with a proposed timetable for the Rights Issue.

As part of the Company's ongoing financing needs for Georgia and Texas, in conjunction with the Rights Issue, a placement has been completed to institutional and sophisticated investors under the same terms as the Rights Issue to raise approximately $2 million through the issue of 40 million ordinary shares.

For and on behalf of the board

PETER LANDAU