Issue of Shares

27 May 2014

The Manager

Company Announcements

Australian Securities Exchange Limited

Level 6, 20 Bridge Street

Sydney NSW 2000

By E-Lodgement ASX Code: RRS and AIM Code: RRL

                                Range Resources                                

                          ("Range" or "the Company")                           

                                  Appendix 3B                                  

Issue of shares

Range announces the issue of 67,666,667 Ordinary Fully Paid Shares pursuant to
the conversion of debt at $0.001 per share, 25,500,000 Unlisted Options issued
for debt conversion as per agreement with Hudson Bay Master Fund (£0.005, 31
May 2017).

Application will be made for the 67,666,667 new shares to be admitted to
trading on the ASX and AIM. Trading in the new shares is expected to commence
on or around 2 June 2014.

Following the issue of these securities the total number of securities on issue
are as follows:

3,943,068,643 Ordinary Fully Paid Shares             
                                                     
   80,508,341 Options ($0.05, 31 January 2016)       
                                                     
      855,166 Unlisted Options (£0.04p, 30 June 2015)
                                                     
    7,058,824 Unlisted Options (£0.17p, 30 April     
              2016)                                  
   17,921,146                                        
              Class B Performance Shares             
    5,180,000                                        
              Unlisted Options (£0.075p, 31 January  
    9,000,000 2017)                                  
                                                     
   15,708,801 Unlisted Options (£0.125p, 31 March    
              2015)                                  
   32,275,862                                        
              Unlisted Options (£0.0615, 19 October  
    5,000,000 2015)                                  
                                                     
    5,000,000 Unlisted Options (£0.05075, 30 November
              2015)                                  
  146,533,850                                        
              Unlisted Options ($0.10, 31 January    
    5,000,000 2016)                                  
                                                     
      476,190 Unlisted Options ($0.06, 10 February   
              2016)                                  
      952,381                                        
              Unlisted Options (£0.04, 30 April 2016)
    6,714,284                                        
              Unlisted Options (£0.037, 11 July 2016)
    9,000,000                                        
              Unlisted Options (£0.021, 25 July 2016)
    3,947,369                                        
              Unlisted Options (£0.021, 29 July 2016)
    8,666,670                                        
              Unlisted Options (£0.021, 31 August    
      694,445 2016)                                  
                                                     
    2,205,885 Unlisted Options (£0.02, 31 August     
              2016)                                  
    1,250,000                                        
              Unlisted Options (£0.19, 30 September  
   17,333,336 2016)                                  
                                                     
    3,000,000 Unlisted Options (£0.18, 30 September  
              2016)                                  
    1,428,571                                        
              Unlisted Options (£0.018, 31 October   
    3,923,077 2016)                                  
                                                     
    2,000,000 Unlisted Options (£0.017, 31 October   
              2016)                                  
    4,083,334                                        
              Unlisted Options (£0.016, 31 October   
   20,545,457 2016)                                  
                                                     
   21,136,365 Unlisted Options (£0.015, 31 October   
              2016)                                  
    1,450,690                                        
              Unlisted Options (£0.015, 30 November  
    7,500,000 2016)                                  
                                                     
    3,125,000 Unlisted Options (£0.014, 30 November  
              2016)                                  
    6,250,000                                        
              Unlisted Options (£0.013, 30 November  
   14,583,334 2016)                                  
                                                     
    7,500,000 Unlisted Options ($0.0321, 11 December 
              2016)                                  
   33,000,000                                        
              Unlisted Options (£0.012, 31 December  
              2016)                                  
                                                     
              Unlisted Options (£0.011, 31 December  
              2016)                                  
                                                     
              Unlisted Options (£0.011, 31 January   
              2017)                                  
                                                     
              Unlisted Options (£0.010, 28 February  
              2017)                                  
                                                     
              Unlisted Options (£0.012, 1 March 2017)
                                                     
              Unlisted Options (£0.008, 31 March     
              2017)                                  
                                                     
              Unlisted Options (£0.006, 31 March     
              2017)                                  
                                                     
              Unlisted Options (£0.006, 30 April     
              2017)                                  
                                                     
              Unlisted Options (£0.005, 30 April     
              2017)                                  
                                                     
              Unlisted Options (£0.005, 31 May 2017) 

Yours faithfully


Rory Scott Russell

Chief Executive Officer

Contacts

Range Resources Limited               Buchanan (Financial PR - UK)             
                                                                               
Rory Scott Russell                    Ben Romney / Helen Chan                  
                                                                               
                                      T: [phone]                  
                                                                               
                                      E: [e-mail]        
                                                                               
GMP Securities Europe LLP (Broker)    RFC Ambrian Limited (Nominated Advisor)  
Rob Collins / Liz Williamson          Samantha Harrison / Trinity McIntyre     
T: [phone]               T: [phone] / +61 (8) 9480   
                                      2500                                     
                                                                               
PPR (Financial PR -Australia)         Cowen Group(Principal American Liaison)  
                                      OTCQX International Market (U.S.)        
David Tasker                                                                   
                                      Christopher Weekes / Stephen Nash        
T: [phone]                                                           
                                      T: [phone]                       
E: [e-mail]                                                     

                                                                    

Australia                               London                                 
Ground Floor, 1 Havelock Street, West   Suite 1A, Prince's House, 38 Jermyn    
Perth WA 6005, Australia                Street, London SW1 6DN                 
t:[phone], f:[phone]    t:[phone], f:[phone]   
e:[e-mail]           8028                                   
                                        w: www.rangeresources.com.au