Non-Renounceable Rights Issue – Shortfall

12 February 2009


Manager of Company Announcements
Australian Securities Exchange
Level 6
20 Bridge Street
SYDNEY NSW 2000


Via e-lodgement


Dear Sir/Madam

Non-Renounceable Rights Issue - Shortfall

Range Resources Ltd (the "Company") is pleased to advise that it has received
and accepted applications for 39,579,765 New Options and 9,894,941 Free
Attaching Options under its non-renounceable rights issue (the "Rights Issue"),
raising $593,696.48. The acceptances represent 42% of securities offered under
the Rights Issue. As a result, the shortfall under the Rights Issue is
55,255,264 New Options and 13,806,316 Free Attaching Options (the "Shortfall").

The Company has received completed applications for 35% of the Shortfall,
representing 19,283,976 New Options and 4,820,994 Free Attaching Options, and
has obtained commitments the remainder of the Shortfall.

The expected date for allotment of the New Options and Attaching Options,
issued pursuant to the Rights Issue, is 16 February 2009. The expected date for
quotation of the Attaching Options is 17 February 2009. Holding statements in
respect of the Attaching Options and option certificates in respect of the New
Options will be despatched to holders on 16 February 2009.

Details of the allotment will be announced to ASX and AIM.

Yours faithfully
Peter Landau
Executive Director

Contacts

Range Resources
Peter Landau
Tel: [phone]
Em: [e-mail]

Australia 

PPR 
David Tasker 
Tel: [phone] 
Em: [e-mail]

RFC Corporate Finance (Nominated Advisor)
Stuart Laing
Tel: [phone]

London

Conduit PR
Jonathan Charles
Tel: + 44 (0) 20 7429 6666
Em: [e-mail]

Fox-Davies Capital (Broker)
Daniel Fox-Davies
Tel: [phone]