News Releases - March 2, 2016

BRISBANE, AUSTRALIA (March 2, 2016) – Visit a Ritchie Bros. auction site in Australia, and you'll see the country's flag flying high alongside the company's own. It's been flying that way for 20 years—or 150 truck and equipment auctions—and for Ritchie Bros., that's something to celebrate.

This year, Ritchie Bros. celebrates its 20th year of business in Australia, having begun its time in the country with a single site in Brisbane, Queensland. In 2013, a second permanent site officially opened in Geelong, Victoria. Ritchie Bros. now holds at least eight auctions a year in Australia, with more than 14,000 bidder registrations in 2015.

"I've worked every single Ritchie Bros. auction in Australia," said Warwick Mackrell, Vice President, Ritchie Bros. "We started small and built one customer relationship at a time. Today we serve as a trusted advisor for hundreds of customers across the country and into New Zealand."

One of those customers is Salmon Earthmoving Services, a family business that has become one of the largest heavy equipment rental companies in Australia, since starting in the early 1970s.

"Ritchie Bros. has become our number one source of finding and buying equipment," said Gary Salmon, owner, Salmon Earthmoving Services. "They've become a bit like an extended arm of the industry family. They're very straight-forward and honest. As a buyer, you know that a Ritchie Bros. auction will be unreserved and that you'll have clear title. As a seller, you know your item will be sold that day."

150 auctions and counting: Brisbane & Geelong auctions in March
Ritchie Bros. will also conduct its 150th Australian auction at its Brisbane site in Yatala, QLD on March 15. More than 850 items will be sold, all without minimum bids or reserve prices (rbauction.com/Brisbane).

On March 17, Ritchie Bros. will sell another 800+ items by unreserved auction at its Geelong site in Corio, VIC (rbauction.com/Geelong).

Equipment highlights from the Brisbane and Geelong auctions include:

• Six 2013 Kenworth T359 10x4x4 dump trucks to be sold in Brisbane
• Two 2014 Kenworth T409 SAR 6x4 prime movers to be sold in Brisbane
• Two Caterpillar 980K wheel loaders to be sold in Brisbane
• A 2013 Drake 4 Row of 8 Swing Wing low loader to be sold in Geelong
• Four 2013 Western Star 4900FX Stratosphere 6x4 prime movers to be sold in Geelong
• A 2007 Caterpillar D6R XL Series III dozer to be sold in Geelong

Those interested can inspect equipment ahead of either auction. For more information, visit rbauction.com.au.

About Ritchie Bros.
Established in 1958, Ritchie Bros. (NYSE and TSX: RBA) is the world's largest seller of used equipment for the construction, transportation, agriculture, material handling, energy, mining, forestry, marine and other industries. Ritchie Bros. TM solutions make it easy for the world's builders to buy and sell equipment with confidence, including live unreserved public auctions with on-site and online bidding (rbauction.com), the EquipmentOneTM secure online marketplace (EquipmentOne.com), a professional corporate asset management program, and a range of value-added services, including equipment financing for customers through Ritchie Bros. Financial Services (rbauction.com/financing). Ritchie Bros. has operations in 19 countries, including 44 auction sites worldwide. Learn more at RitchieBros.com.

Media contact:

Ian Malinski
Corporate Communications Lead
+1.778.331.5432
imalinski@rbauction.com

Finlay Massey
Regional Sales Manager, Southern Australia & New Zealand
+61.3.5245.3333
fmassey@rbauction.com

Dale Spedding
Regional Sales Manager, Northern Australia
+61.7.3382.4444
dspedding@rbauction.com