Share Capital Update

ABN 88 002 522 009         
                                                                               
                                                    16 Southport Street        
                                                    West Leederville, 6007                           
                                                    Western Australia      
                                                                               
                                                    [e-mail]          
                                                                               
                                     
4 September 2008


APPENDIX 3B - ISSUE OF FULLY PAID ORDINARY SHARES

Please find attached an Appendix 3B for Range Resources Limited (ASX code: RRS)
in relation to the issue of fully paid ordinary shares on exercise of options.

It is noted that due to administrative oversight on behalf of the Company there
are several corrections in the number of securities on issue.  These
corrections are noted in the attached Appendix 3B.

Yours sincerely


Susan Hunter

Company Secretary




                                  Appendix 3B                                  

                            New issue announcement,                            

              application for quotation of additional securities               

                                 and agreement                                 


Information or documents not available now must be given to ASX as soon as
available. Information and documents given to ASX become ASX's property and may
be made public.

Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/
2001, 11/3/2002, 1/1/2003, 24/10/2005.

Name of entity                                                          
RANGE RESOURCES LIMITED                                                                       
                                                 

ABN                           
88 002 522 009                              
                

We (the entity) give ASX the following information.


Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough
space).

1   +Class of +securities issued        Fully Paid Ordinary Shares             
    or to be issued                                                     
                                                                        
2   Number of +securities issued        920 Fully Paid Ordinary Shares         
    or to be issued (if known)                                          
    or maximum number which may                                         
    be issued                                                           
                                                                        
3   Principal terms of the              Fully Paid Ordinary Shares             
    +securities (eg, if options,                                        
    exercise price and expiry                                           
    date; if partly paid                                                
    +securities, the amount                                             
    outstanding and due dates                                           
    for payment; if +convertible                                        
    securities, the conversion                                          
    price and dates for                                                 
    conversion)                                                         

4   Do the +securities rank             Yes - Fully Paid Ordinary Shares.     
    equally in all respects from                                        
    the date of allotment with an                                       
    existing +class of quoted                                           
    +securities?                                                        
                                                                        
    If the additional securities                                        
    do not rank equally, please                                         
    state:                                                              
                                                                        
      * the date from which they                                        
        do                                                              
                                                                        
      * the extent to which they                                        
        participate for the next                                        
        dividend, (in the case of                                       
        a trust, distribution) or                                       
        interest payment                                                
                                                                        
      * the extent to which they                                        
        do not rank equally,                                            
        other than in relation to                                       
        the next dividend,                                              
        distribution or interest                                        
        payment                                                         
                                                                        
5   Issue price or consideration         $1.00 per Ordinary Share.             
                                                                        
6   Purpose of the issue                 Issue of 29 Ordinary Shares on        
                                         exercise of 29 Unlisted Options exercisable                        
    (If issued as consideration          at $1.00 on or before 1 October 2008.                             
    for the acquisition of         
    assets, clearly identify             Issue of 891 Ordinary Shares on                          
    those assets)                        exercise of 891 Listed Options exercisable                               
                                         at $1.00 on or before 1 October 2010.       
                                                                        
                                    
                                                                        
7      Dates of entering                 1 September 2008                      
       +securities into                                                 
       uncertificated holdings or                                       
       despatch of certificates                                         

                                        Number              +Class             
                                                                        
8     Number and +class of all          194,304,944*        Fully Paid Ordinary
      +securities quoted on ASX                             Shares (RRS)            
      (including the securities  
      in clause 2 if applicable)        60,401,186**        Listed Options
                                                            (RRSOA) ($1.00,01 October 2010)
                                        
                                        * Previously stated      
                                        as 199,190,024      
                                        shares on the last                     
                                        App3B lodged on 28/12/07.       
                                                                  
                                        ** Previously                                
                                        stated as                   
                                        66,094,173 options                       
                                        on the last App3B              
                                        lodged on 28/12/07.               
                                                     

                                        Number              +Class             
                                                                        
9     Number and +class of all          4,925,000#          Partly Paid Shares 
      +securities not quoted on                                         
      ASX (including the                63,723, 901#        Options ($1.00, 01 
      securities in clause 2 if                             October 2008)            
      applicable)                      
                                        2,952,029#          Options ($0.50, 30       
                                                            June 2012)            
                                        # No unquoted       
                                        securities were                        
                                        disclosed on the             
                                        last App3B lodged                      
                                        on 28/12/07.                           
                                                                        
10    Dividend policy (in the           N/A                                    
      case of a trust,                                                  
      distribution policy) on                                           
      the increased capital                                             
      (interests)                                                       


Part 2 - Bonus issue or pro rata issue

11    Is security holder approval       N/A                                   
      required?                                                         
                                                                        
12    Is the issue renounceable         N/A                                   
      or non-renounceable?                                              
                                                                        
13    Ratio in which the                N/A                                   
      +securities will be offered                                       
                                                                        
14    +Class of +securities to          N/A                                   
      which the offer relates                                           
                                                                        
15    +Record date to determine         N/A                                   
      entitlements                                                      
                                                                        
16    Will holdings on different        N/A                                   
      registers (or subregisters)                                       
      be aggregated for                                                 
      calculating entitlements?                                         
                                                                        
17    Policy for deciding               N/A                                   
      entitlements in relation to                                       
      fractions                                                         
                                                                        
18    Names of countries in which       N/A                                   
      the entity has +security                                          
      holders who will not be                                           
      sent new issue documents                                          
                                                                        
      Note: Security holders must                                       
      be told how their                                                 
      entitlements are to be                                            
      dealt with.                                                       
                                                                        
      Cross reference: rule 7.7.                                        
                                                                        
19    Closing date for receipt of       N/A                                   
      acceptances or                                                    
      renunciations                                                     

20    Names of any underwriters         N/A                                   
                                                                        
21    Amount of any underwriting        N/A                                   
      fee or commission                                                 
                                                                        
22    Names of any brokers to the       N/A                                   
      issue                                                             
                                                                        
23    Fee or commission payable         N/A                                   
      to the broker to the issue                                        
                                                                        
24    Amount of any handling fee        N/A                                   
      payable to brokers who                                            
      lodge acceptances or                                              
      renunciations on behalf of                                        
      +security holders                                                 
                                                                        
25    If the issue is contingent        N/A                                   
      on +security holders'                                             
      approval, the date of the                                         
      meeting                                                           
                                                                        
26    Date entitlement and              N/A                                   
      acceptance form and                                               
      prospectus or Product                                             
      Disclosure Statement will                                         
      be sent to persons entitled                                       
                                                                        
27    If the entity has issued          N/A                                   
      options, and the terms                                            
      entitle option holders to                                         
      participate on exercise,                                          
      the date on which notices                                         
      will be sent to option                                            
      holders                                                           
                                                                        
28    Date rights trading will          N/A                                   
      begin (if applicable)                                             
                                                                        
29    Date rights trading will          N/A                                   
      end (if applicable)                                               
                                                                        
30    How do +security holders          N/A                                   
      sell their entitlements in                                        
      full through a broker?                                            
                                                                        
31    How do +security holders          N/A                                   
      sell part of their                                                
      entitlements through a                                            
      broker and accept for the                                         
      balance?                                                          
                                                                        
32    How do +security holders          N/A                                   
      dispose of their                                                  
      entitlements (except by                                           
      sale through a broker)?                                           
                                                                        
33    +Despatch date                    N/A                                   


Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of
securities

34    Type of securities (tick one)                                                     
                                                                              
(a)        Securities described in Part 1    (ticked)                                
                                                                              

(b)        All other securities                                            
                                                                           
           Example: restricted securities at the end of the escrowed       
           period, partly paid securities that become fully paid, employee 
           incentive share securities when restriction ends, securities    
           issued on expiry or conversion of convertible securities        

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the                                         
information or documents                                                       

35         If the +securities are +equity securities, the names of the 20  
           largest holders of the additional +securities, and the number   
           and percentage of additional +securities held by those holders  
                                                                           
36         If the +securities are +equity securities, a distribution       
           schedule of the additional +securities setting out the number of
           holders in the categories                                       
                                                                           
           1 - 1,000                                                       
                                                                           
           1,001 - 5,000                                                   
                                                                           
           5,001 - 10,000                                                  
                                                                           
           10,001 - 100,000                                                
                                                                           
           100,001 and over                                                
                                                                           
37         A copy of any trust deed for the additional +securities         

Entities that have ticked box 34(b)

38   Number of securities for          N/A                                      
     which +quotation is sought                                           
                                                                          
39   Class of +securities for          N/A                                      
     which quotation is sought                                            
                                                                          
40   Do the +securities rank           N/A                                      
     equally in all respects                                              
     from the date of allotment                                           
     with an existing +class of                                           
     quoted +securities?                                                  
                                                                          
     If the additional                                                    
     securities do not rank                                               
     equally, please state:                                               
                                                                          
       * the date from which                                              
         they do                                                          
                                                                          
       * the extent to which                                              
         they participate for                                             
         the next dividend, (in                                           
         the case of a trust,                                             
         distribution) or                                                 
         interest payment                                                 
                                                                          
       * the extent to which                                              
         they do not rank                                                 
         equally, other than in                                           
         relation to the next                                             
         dividend, distribution                                           
         or interest payment                                              
                                                                          
41   Reason for request for            N/A                                      
     quotation now                                                        
                                                                          
     Example: In the case of                                              
     restricted securities, end                                           
     of restriction period                                                
                                                                          
     (if issued upon conversion                                           
     of another security,                                                 
     clearly identify that other                                          
     security)                                                            
                                                                          
                                      Number              +Class               
                                                                          
42   Number and +class of all         N/A                 N/A                  
     +securities quoted on ASX                                            
     (including the securities                                            
     in clause 38)                                                        

Quotation agreement

1 +Quotation of our additional +securities is in ASX's absolute discretion. ASX
may quote the +securities on any conditions it decides.

2 We warrant the following to ASX.

• The issue of the +securities to be quoted complies with the law and is not
for an illegal purpose.

• There is no reason why those +securities should not be granted +quotation.

• An offer of the +securities for sale within 12 months after their issue will
not require disclosure under section 707(3) or section 1012C(6) of the
Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for
the securities in order to be able to give this warranty

• Section 724 or section 1016E of the Corporations Act does not apply to any
applications received by us in relation to any +securities to be quoted and
that no-one has any right to return any +securities to be quoted under sections
737, 738 or 1016F of the Corporations Act at the time that we request that the
+securities be quoted.

• If we are a trust, we warrant that no person has the right to return the
+securities to be quoted under section 1019B of the Corporations Act at the
time that we request that the +securities be quoted.

3 We will indemnify ASX to the fullest extent permitted by law in respect of
any claim, action or expense arising from or connected with any breach of the
warranties in this agreement.

4 We give ASX the information and documents required by this form. If any
information or document not available now, will give it to ASX before
+quotation of the +securities begins. We acknowledge that ASX is relying on the
information and documents. We warrant that they are (will be) true and
complete.

Sign here: ............
......... Date: 4 September 2008

(Company secretary)

Print name: Susan Hunter

                                == == == == ==                                 


+ See chapter 19 for defined terms.