STA.L Regulatory News (STA)

15 March 2013 The ManagerCompany AnnouncementsAustralian Securities Exchange LimitedLevel 6, 20 Bridge StreetSydney NSW 2000 By e-lodgement HALF YEARLY REPORT Range Resources Limited ("Range" or the "Company") is pleased to present theCompany's half yearly report for the 6 months ended 31 December 2012, with thefollowing highlights in comparison to the corresponding six month period ending31 December 2011:

* Group Revenue for the period increasing by 53%;

* Group oil / liquids production for the period increasing by 60% to 164,693

barrels for the period; * Technical, consultancy and administration expenses reduced by 55%; and * Group loss before tax for the period reduced by 42%.

Highlighted below is the comparison of the financial performance of the groupbetween December 2011 and December 2012 periods.

SUMMARY OF FINANCIAL PERFORMANCE (US$'000) Dec 2012 Dec 2011 Change (%) Revenue 15,703 10,291 +53% Cost of sales (13,223) (8,537) +55% Gross profit 2,479 1,754 +41% EBITDA (2,545) (10,870) +77% EBIT (5,815) (11,579) +50% Net profit after tax (9,682) (11,425) +15%

Please find attached extracts from the Company's Half Year Report for theperiod ended 31 December 2011, being the:

* Statement of Comprehensive Income;

* Statement of Financial Position; and

* Statement of Cashflow. * Extract of notes A copy of the full Half Year Report is available on the company's website:www.rangeresources.com.au Yours faithfully Peter LandauExecutive Director Range Resources LimitedPeter LandauTel : +61 (8) 9488 5220Em: plandau@rangeresources.com.au RFC Ambrian Limited (Nominated Advisor) Old Park Lane Capital (Joint Broker)Stuart Laing Michael ParnesTel: +61 (8) 9480 2500 Tel: +44 (0) 207 493 8188 Fox-Davies Capital Limited GMP Securities Europe LLP (Joint Broker)Daniel Fox-Davies / Richard Hail James Pope / Chris BeltgensTel: +44 (0) 203 463 5000 Tel: +44 (0) 207 647 2800 PPR (Australia)David TaskerTel: +61 (8) 9388 0944Em: david.tasker@ppr.com.au Dahlman Rose & Company (Principal American Liaison)OTCQX International Market (U.S.)Christopher Weekes / Stephen NashTel: +1 (212)-372-5766 RANGE RESOURCES LIMITED ABN 88 002 522 009 DIRECTORS' REPORT

Your directors submit the consolidated financial report of Range ResourcesLimited for the half-year ended 31 December 2012.

1. Directors

The names of the Directors who held office during or since the end of the half-year: Sir Samuel Jonah Non-Executive Chairman Peter Landau Executive Director Anthony Eastman Executive Director Marcus Edwards-Jones Non-Executive Director 2. Results

The Consolidated results from operations are as follows.

31 December 2012 31 December 2011 US$ US$ Restated* Net profit/(loss) after income tax (9,682,470) (11,424,719)

3. Review of Operations

Reserves and Valuation Upgrades - Trinidad

During the period, the Company announced a 29% increase in Proved, Probable andPossible (3P) net attributable reserves across the Company's three onshoreTrinidad licenses, following the Company's independent petroleum consultants,Forrest A. Garb and Associates ("Forrest Garb"), having completed a review ofthe Trinidad reserves following the first year of Range's operations inTrinidad. Below is the comparison between October 2012 and December 2011 of the oil andgas reserves attributable to Range's (100%) interest in its Trinidad Licenses,net of government and overriding royalties, as described more fully in thereport from Forest Garb & Associates. Category Oil (MMBO) Dec `11 Oct `12 %age Mvmt Proved (P1) 15.4 17.5 +14%Probable (P2) 2.2 2.7 +23%Possible (P3) 2.0 5.0 +150% Total 3P Reserves 19.6 25.2 +29% Prospective Resource (unrisked) Low 2.0 8.1Best 10.0 40.5High 19.9 81.0 Based on the reserve numbers shown above, Forrest Garb estimates the net cashflow attributable to Range's interests for Proved, Probable and Possiblereserves as shown below, based on average WTI prices for 2011, and compared tothe $85 / bbl case per December 2011. US$85 / bbl case US$94 / bbl case December 2011 October 2012 Category Undiscounted PV10 Undiscounted PV10 US$M US$M US$M US$M Proved 679 385 799 446Probable 133 73 142 81Possible 120 49 276 153Total 932 507 1,217 680

The valuations above are based on forecast production rates that reflect thecurrent drilling and development schedule, and estimated individual welldecline profiles derived from the Company's recent operating results.

As reported above, the recent reserves report saw a 30.5 million barrels (305%)increase in total unrisked net prospective (best estimate) resources across theCompany's licenses to 40.5 million barrels. Of the 40.5 million barrels in unrisked prospective resources, circa 30.5million barrels are associated with identified Herrera prospects that have beenmapped on the Company's 3D seismic database. Of the 40.5 million best estimateunrisked net prospective resource associated with the Herrera prospects, a riskfactor of 25% has been assigned, with the remaining resources risked at 45%.

Operations

The Company continued with its Lower Forest development program on the MorneDiablo license during the period, reaching peak production in excess of 1,000bopd during Q3 2012 which was a 120% increase in production since acquisition. The Company also completed a number of successful wells targeting the UpperCruse formation, some circa 1,000-1,500 ft below the Lower Forest and given theearly success of these wells in the deeper formation, the Company is looking atthe potential to focus a separate drilling program targeting the Upper Cruseformation, in a similar way the early success on the Lower Forest formation hasbeen targeted. The Company also spudded its first wells primarily targeting the Middle Cruse(circa 3,500 ft) and Lower Cruse formations (circa 6,500 ft) during the periodwith both wells (QUN 135 and MD 248 respectively) still drilling through periodend. Whilst the MD 248 well's primary target is the prospective Lower Cruseformation, it is also targeting multiple horizons as it drills, including theLower Forest formation (circa 1,000 ft), the Upper, Middle and Lower Cruseformations (circa 2,000 ft / 4,500 ft and 6,500 ft respectively). Afterreaching a depth of 4,000 ft. and having 7" casing run, the well experiencedoperational delays due to equipment shortages. Additional equipment has beenacquired to improve efficiencies and reduce downtime, with drilling continuingto the target depth of 6,500 ft.

Georgia

During the period the joint venture announced the completion of the acquisitionof a 200km 2D seismic program. The majority of this recent seismic was acquiredover Block VIb to firm up leads identified in the previous 410km 2D seismicprogram, along with targeting two gas wells, which were drilled and suspendedin Soviet times.

Two lines were also acquired over the site of the Mukhiani well, the firstexploration well drilled in Block VIa. The processing of the seismic iscurrently under way and results of the interpretation to follow, with the jointventure confident that it will then have assembled the requisite amount ofseismic and geological information to enable the JV to identify reviseddrillable targets and attract potential farm in partners if desired.

The JV continued to work towards the development of the CBM and conventionalpotential around the Tkibuli / Shaori Coal Field ("Tkibuli") and subsequent toperiod end, executed a heads of agreement with the Georgian Industrial Group("GIG") with respect to the joint development of the Coal Bed Methane project(CBM) and conventional potential around the Tkibuli / Shaori Coal Field("Tkibuli") - refer below in subsequent events.

Texas

North Chapman Ranch

With the field having now been largely appraised and value demonstrated, theCompany is looking at the divestment of its North Chapman Ranch interests sothat it can focus its capital on higher value adding opportunities in itsportfolio and has engaged US based advisors to assist in the process, with anumber of interested parties having reviewed the Company's dataroom.Negotiations are currently being finalised with regards to the sale of theassets - refer to subsequent events below.

East Texas Cotton Valley Prospect

Long term production testing continued on the Ross 3H well during the period,as Range and its partners evaluate the various options available for futuredevelopment of the shallow oil discovery. In the meantime, leases within theproject area are being extended or renewed. In the event that the Company's interest in the project is not sold as part ofits ongoing asset divestiture program in Texas, additional drilling could takeplace as early as Q3 2013. Puntland Onshore In January 2012, Range together with its joint venture partners successfullyspud the historic Shabeel 1 well in the Dharoor Valley, the first in a two wellexploration program and the first exploration well in Puntland in over 25years. The Shabeel North well having been spud soon after the completion of theShabeel 1 well and was successfully completed during the period, having reacheda target depth of 3,945m. The joint venture having tested the upper Jessomasands which only produced fresh water, resulting in additional testing of theJessoma sands on the Shabeel 1 well not being warranted. Following on from thecompletion of the two wells, the drilling rig and associated equipment wassuccessfully demobilised and restoration of both drilling locations completed. Despite the non-commercial nature of the two wells the joint venture partnerswere extremely encourage that all of the critical elements exist for oilaccumulations, namely a working petroleum system, good quality reservoirs andthick seal rocks. Based on the encouragement provided by these two Shabeel wells, the jointventure entered into the next exploration period in both the Nugaal and DharoorValley Production Sharing Contracts ("PSCs") which carry a commitment to drillone well on each block within an additional 3 year term. The currentoperational plan is to contract a seismic crew to acquire additional data inthe Dharoor Valley block and to hold discussions with the Puntland Governmentto gain access regarding drill ready prospects in the Nugaal Valley block. Thefocus of the Dharoor seismic program will be to delineate new structuralprospects for the upcoming drilling campaign.

Puntland Offshore

In the first half of 2012, Range entered into an agreement with the PuntlandGovernment with respect to obtaining a 100% working interest in the highlyprospective Nugaal Basin Offshore Block.

The Block is an extension of the onshore Nugaal Region which has the potentialfor deltaic deposits from the Nugaal Valley drainage system and comprises over10,000km. The Company will commit to a 2D seismic program within the first three years,with further 3D seismic and an exploration well to follow in the second threeyear period. The agreement is subject to a formal Production Sharing Agreement(PSA) being entered into and the receipt of all necessary regulatory approvals.

Columbia

As previously announced, Range entered into an economic participation agreementwith Petro Caribbean Resources Limited, a private oil and gas company focussedon the development of petroleum and natural gas reserves in Colombia ("PCR" theofficial operator of the blocks), that will see the Company earn a 65% economicinterest (option to move to 75%) in Blocks PUT-6 and PUT-7 in return forfunding (on a cost recoverable basis) the commitments under the ProductionSharing Agreement ("PSA") with the National Hydrocarbons Agency of Colombia("ANH"). This includes a 350km2 3D seismic program across the two blocksfollowed by one exploration well in each block.

The consulta previa process is nearing completion which involves liaison withthe various indigenous communities within the license areas.

Range has received farm in interest from a number of parties for the blocks,and will be considering different potential options to maximise shareholdersbenefits in the short to medium term.

Corporate

Effective 1 July 2012, the Group changed its functional and presentationcurrency from Australian dollars (AU$) to United States dollars (US$) assignificant portion of the Group's revenues, expenses and cash flows aredenominated in US$. The functional currency of an entity is the currency of theprimary economic environment in which the entity operates, which should reflectthe economic substance of the underlying events and circumstances relevant tothe Group. The change in presentation currency is to better reflect the Group's businessactivities and to improve investors' ability to compare the Group's financialresults with other publicly traded businesses in the international oil and gasindustry. The changed in functional currency was triggered by the Group'stransition from an exploration to a production company which has resulted ingenerating significant cash flows from sale of oil. These transactions aredenominated in US$, which combined with recent borrowings; indicate that asignificant portion of cash flows going forward will be denominated in US$.

The consolidated financial report for the half year ended 31 December 2012,including comparative information (Restated), has been presented in US$.

Financings

During the period the Company entered into a US$15 million Loan Agreement("Loan Agreement") backed by a Standby Equity Distribution Agreement ("SEDA")for up to GB£20 million with YA Global Master SPV Ltd, an investment fundmanaged by Yorkville Advisors ("Yorkville"), with US$5 million having beendrawn down during the period. The loan can be drawn down in tranches of US$5million (12 month term) at the election of the Company and carries a coupon of10%. The tranches may be increased to US$10 million (after an initial US$5million drawdown / total facility US$25 million).

In addition to the above, the Company also issued US$10,400,000 in securednotes to Crede Capital which can be paid back in cash or equity on or beforethe 12 month term at the Company's election.

4. Events Subsequent to Reporting Date

Trinidad

Subsequent to period end, following an extensive due diligence exercise fromboth a technical and operational perspective, finance Company Meridian SEZCsigned a commitment to purchase US$35m of 5-year Monetary Production Payment("MPP") securities from Range. The MPPs have a coupon of 12% and shall besecured by future cash flows from Range's Trinidad operations and repayable incash on a straight line monthly amortised basis.

Meridian's commitment is subject to final documentation and regulatoryapprovals with a targeted draw down date end of March.

Range also extended its existing farm out agreements ("FOA's") for theCompany's Morne Diablo and South Quarry licenses until 31 December 2021, withthe minimum work commitments for each license well within the Company's currentdevelopment plans. The new farm out agreements (effective from 1 January 2012), will also see areduction in the enhanced royalty currently being paid by the Company with therevised terms seeing an improvement in the net back amount received by theCompany per barrel of oil produced. The revised royalty rates at productionrates of 1,000 bopd will see net backs increase to circa $40 / barrel beforetax and circa $50 / barrel before tax at 2,000 bopd - assuming $90 per barreloil and opex at similar levels.

With the Morne Diablo and South Quarry FOA now extended until December 2021,along with the Beach Marcelle license which extends to February 2020, theCompany now is in an excellent position to develop the multiple producingtrends in each area while systematically exploring for new reserves andeffectively producing older fields such as Beach

With respect to the Morne Diablo license, the extended FOA now includes anadditional circa 3,000 acres (Block A) to the east of the existing licensearea.

Guatemala

Subsequent to period end, Range secured a strategic stake (19.9%) in CitationResources Limited (ASX:CTR) ("Citation"). Citation holds a farm in right toacquire a 70% interest in Latin American Resources Ltd ("LAR"), which holds an80-100% interest in two oil and gas development and exploration blocks inGuatemala ("Projects") and is operator of the blocks. Additionally, Range alsoacquired a direct 10% equity stake in LAR. The Projects consist of Block 1-2005 and Block 6-93 in the South Peten Basin inGuatemala ("Guatemalan Blocks"). The Guatemalan Blocks have Canadian NI 51-101certified proved plus probable (2P) reserves of 2.3 MMBBL (with approximately0.5 - 0.6 MMBBls attributable to Range's combined equity interest in CTR and10% direct interest in LAR), with significant exploration upside potential. Inaddition, the blocks have had significant previous exploration with the twowell appraisal drilling program currently underway with the Atzam #4 wellhaving already been successfully completed and flow testing currently underway.

The Projects and drilling/operational infrastructure are owned by LAR togetherwith its minority joint venture partners in a similar set up to Range'sTrinidad operations.

Range will acquire its 19.9% strategic interest in Citation, by conversion ofexisting debt funding provided by Range to Citation into ordinary Citationshares (subject to any necessary Citation shareholder approvals) at $0.02 witha 1 for 2 free attaching listed Citation option ($0.04, June 2015), which isapproximately $2m for the 19.9% interest. In addition, Range will pay $2m forthe 10% interest in LAR, which is finance carried through the first US$25mspent on the Project.

Georgia

Subsequent to period end, Range, along with its joint venture partners,executed a heads of agreement with the Georgian Industrial Group ("GIG") withrespect to the joint development of the Coal Bed Methane project (CBM) andconventional potential around the Tkibuli / Shaori Coal Field ("Tkibuli") inthe Republic of Georgia. GIG and the Consortium will jointly establish a Development Company on a 50:50basis. The Development Company will commence feasibility and technical studies,followed by an initial three to four well pilot project. The appraisal / pilotproduction wells will be drilled first to clarify flow rates and other keyparameters including optimum well construction / completion strategy, wellspacing and water treatment, prior to full scale development. Based on theprevious ARI study it is planned to execute 6 CBM wells per annum that areforecast to produce between 0.3-0.5 mmcf per well per day, which over a shortperiod of time (ie. 3+ years) will build to a significant production base forthe joint venture that will enable further expansion of the CBM project. The initial pilot project will focus on appraising targets already ventingmethane, thus ensuring a higher chance of success. The work programme isanticipated to commence in the second half of 2013 and will be predominantlydebt financed, resulting in limited financial commitments for Range movingforward. New wells will target horizons at depths between 500 and 2,000 metresand can be drilled within 45 days. The fast-track program is designed for gasproduction and sales to begin within 18 months given the existinginfrastructure and logistics. GIG have agreed a take or pay arrangement for allgas produced by the Development Company at a 5% discount to a regional indexedprice less transportation, removing the monetization risk so often faced withprospective CBM projects. Over the last few years regional prices have averagedbetween US$8 - US$10 mcf.

It is the intention of the Consortium to ensure that the first well of thepilot program counts as the commitment well with respect to retaining BlockVIb.

Texas

Subsequent to period end, Range reached an agreement to sell its Texasproducing assets for cash payments totaling $US30 million.

Subject to final due diligence, the Company will sell its interest in the NorthChapman Ranch and East Clarksville fields for $US25 million in cash at Closingplus $US5 million in royalty payments from future production.

Corporate

Subsequent to period end, Range issued 62m shares in lieu of cash repayments onloans from Crede Capital Group and YA Global Master SPV Limited.

5. Auditors Independence Declaration

The Lead auditor's independence declaration under section 307C of theCorporations Act 2001 is set out on page 7 for the half-year ended 31 December2012.

This report is made in accordance with a resolution of the Board of Directors.

Peter LandauExecutive Director

Dated this 15th day of March 2013

The reserves estimates for the 3 Trinidad blocks and update reserves estimatesfor the North Chapman Ranch Project and East Texas Cotton Valley referred abovehave been formulated by Forrest A. Garb & Associates, Inc. (FGA). FGA is aninternational petroleum engineering and geologic consulting firm staffed byexperienced engineers and geologists. Collectively FGA staff has more than acentury of world–wide experience. FGA have consented in writing to thereference to them in this announcement and to the estimates of oil and naturalgas liquids provided. The definitions for oil and gas reserves are inaccordance with SEC Regulation S–X an in accordance with the guidelines of theSociety of Petroleum Engineers ("SPE"). The SPE Reserve definitions can befound on the SPE website at spe.org. RPS Group is an International Petroleum Consulting Firm with offices worldwide,who specialise in the evaluation of resources, and have consented to theinformation with regards to the Company's Georgian interests in the form andcontext that they appear. These estimates were formulated in accordance withthe guidelines of the Society of Petroleum Engineers ("SPE").

The prospective resource estimates for the two Dharoor Valley prospects areinternal estimates reported by Africa Oil Corp, the operator of the jointventure, which are based on volumetric and related assessments by Gaffney,Cline & Associates.

The reserves estimate for the Guatemalan Blocks in which LAR (and CTR) have aninterest in is as reported by CTR. CTR has not reported 1P and 3P estimates,but Range is seeking such information from CTR for future reporting purposes. RANGE RESOURCES LIMITED ABN 88 002 522 009 CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE HALF-YEAR ENDED 31 DECEMBER 2012 Consolidated Notes 31 December 31 December 2012 2011 US$ US$ Restated* Revenue from continuing operations Revenue from sale of goods 15,702,743 10,291,386 Operating expenses (9,986,451) (7,830,537) Depreciation and amortisation (3,237,035) (706,193) Cost of sales (13,223,486) (8,536,730) Gross Profit 2,479,257 1,754,656 Interest revenue 335,805 155,014 Other income - 1,880,686 Depreciation (32,567) (2,604) Finance costs (1,202,129) - Exploration expenditure (4,254,973) (6,254,822) Technical, consultancy and administration 4 (4,056,304) (8,959,723)expenses Impairment loss on available for sale (38,131) - financial assets Foreign exchange gain / (loss) 87,744 2,074 Loss before income tax expense from (6,681,298) (11,424,719)continuing operations Income tax expense (3,001,172) - Loss after tax from continuing operations (9,682,470)

(11,424,719)

Net loss for the half-year attributable to (9,682,470) (11,424,719)equity holders of Range Resources Ltd

Other comprehensive income Items that may be reclassified to profit or loss Changes in the value of available-for-sale (1,105,173) 958,364 investments Exchange differences on translation of 2,298,302 2,074,879 foreign operatives Other comprehensive income for the 1,193,129 3,033,243 half-year, net of tax Total comprehensive income/(loss) (8,489,341) (8,391,476)attributable to equity holders of Range Resources Ltd Loss per share for the half yearattributable to members of Range Resources Ltd. Basic loss per share (cents per share) (0.48) (0.65) Diluted loss per share (cents per share) N/A N/A

*Restated. Refer to Notes 2 and 3 for further details

The Company's potential ordinary shares were not considered dilutive as theCompany is in a loss position.

The above Consolidated Statement of Profit or Loss and Other ComprehensiveIncome should be read in conjunction with the accompanying notes.

RANGE RESOURCES LIMITED ABN 88 002 522 009 CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2012 Consolidated Notes 31 December 30 June 2012 1 July 2011 2012 US$ US$ US$ Restated* Restated* Current Assets Cash and cash equivalents 3,852,124 10,578,562 18,396,514 Restricted deposits 6 3,480,000 - - Trade and other receivables 12,788,903 11,373,559 3,181,683 Other current assets 812,291 926,294 327,466 20,933,318 22,878,415 21,905,663

Non-current asset held for sale 8 6,356,883 6,323,453

- Total Current Assets 27,290,201 29,201,868 21,905,663 Non-Current Assets Goodwill 46,198,974 46,198,974 - Available for sale financial 59,909 3,299,034 966,822assets Property, plant & equipment 11,541,989 9,631,636 21,070 Exploration & evaluation 9 8,303,666 7,250,706 4,430,443expenditure Development assets 10 90,541,854 88,706,247 6,506,870 Prepayments for investments - - 57,676,819 Deferred tax asset 189,820 348,113 - Investments in associates 11 36,330,921 30,333,035 6,243,411 Non-current receivable 5,716,781 4,839,713 12,846,052 Total Non-Current Assets 198,883,914 190,607,458 88,691,487 Total Assets 226,174,115 219,809,326 110,597,150 Current Liabilities Trade and other payables 12 5,141,703 2,918,228 1,504,420 Current tax liabilities 2,424,041 4,247,557 - Borrowings 13 10,692,482 - - Provision 693,967 602,378 12,340 Total Current Liabilities 18,952,193 7,768,163 1,516,760 Non-Current Liabilities Other non-current liabilities 472,208 2,552,684 - Deferred tax liabilities 45,266,735 44,859,854 - Employee service benefit 426,258 640,426 - Total Non-Current Liabilities 46,165,201 48,052,964 - Total Liabilities 65,117,394 55,821,127 1,516,760 Net Assets 161,056,721 163,988,199 109,080,390 Equity Issued capital 14 289,203,403 283,645,540 200,968,352 Reserves 29,855,849 28,662,720 25,337,108 Accumulated losses (158,002,531) (148,320,061) (117,225,070) Total Equity 161,056,721 163,988,199 109,080,390

*Restated. Refer to Notes 2 and 3 for further details

The above Consolidated Statement of Financial Position should be read inconjunction with the accompanying notes.

RANGE RESOURCES LIMITED ABN 88 002 522 009 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE HALF-YEAR ENDED 31 DECEMBER 2012 Ordinary Accumulated Foreign Available Share Option Total Losses Currency for Sale Based Premium Shares Translation Investments Payment Reserve Reserve Reserve Reserve US$ US$ US$ US$ US$ US$ US$ Restated* Restated* Restated* Restated* Restated* Restated* Restated*

Balance at 1 July 2011 200,968,352 (117,225,070) 10,020,188 11,093 6,247,553 9,058,274 109,080,390

Net movement in - - - 958,364 - - 958,364available for saleinvestments reserve Exchange difference on - - 2,074,879 - - 2,074,879translation of foreignoperations Loss for the half-year - (11,424,719) - -

- - (11,424,719)

Total comprehensive - (11,424,719) 2,074,879 958,364 - - (8,391,476)income/ (loss) for thehalf-year Transactions with equityholders in theircapacity as equityholders: Shares issued during the 25,930,118 - - - - - 25,930,118half-year Transaction costs (789,631) - - -

- - (789,631)

Value of share based - - - - 2,310,402 - 2,310,402payments issued Balance at 31 December 226,108,839 (128,649,789) 12,095,067 969,457 8,557,955 9,058,274 128,139,8032011 Ordinary Accumulated Foreign Available Share Option Total Losses Currency for Sale Based Premium Shares Translation Investments Payment Reserve Reserve Reserve Reserve US$ US$ US$ US$ US$ US$ US$

Balance at 1 July 2012 283,645,540 (148,320,061) 4,096,806 779,909 13,970,253 9,815,752 163,988,199

Net movement in - - - (1,105,173) - - (1,105,173)available for saleinvestments reserve Exchange difference on - - 2,298,302 - - - 2,298,302translation of foreignoperations Loss for the half-year - (9,682,470) - - - - (9,682,470) Total comprehensive (9,682,470) 2,298,302 (1,105,173) - - (8,489,341) income/ (loss) for thehalf-year Transactions with equityholders in theircapacity as equityholders: Shares issued during the 5,557,863 - - - - - 5,557,863half-year Transaction costs - - - - - - - Value of share based - - - - - - -payments issued Balance at 31 December 289,203,403 (158,002,531) 6,395,108 (325,264) 13,970,253 9,815,752 161,056,7212012

*Restated. Refer to Notes 2 and 3 for further details

The above Consolidated Statement of Changes in Equity should be read inconjunction with the accompanying notes.

RANGE RESOURCES LIMITED ABN 88 002 522 009 CONSOLIDATED STATEMENT OF CASHFLOWS FOR THE HALF-YEAR ENDED 31 DECEMBER 2012 Consolidated Notes 31 December 31 December 2012 2011 US$ US$ Restated* Cash Flows from Operating Activities Receipts from customers 15,523,562 11,185,121 Payments to suppliers and employees (13,453,672)

(12,729,178)

Payments for exploration and evaluation (4,254,973) (6,254,822)expenditure in relation to the Somalia interests Income taxes paid (4,493,334) (702,495) Interest received 42,909 155,013 Interest paid (962,395) (14,259) Net cash provided by/(used In) Operating (7,597,903) (8,360,620)Activities Cash Flows from Investing Activities Payments for plant and equipment (2,754,785) (177,542) Payments for development expenditure (3,385,882)

(4,445,448)

Payments for exploration and evaluation (1,057,026) (2,737,223)expenditure Payment to restricted deposits (3,480,000) - Proceeds / (payments) from available for 2,091,522 (2,165,864)sale financial assets Loans to other entities (550,000) (3,205,488) Loans to associate (5,997,884) (6,350,487) Payment for acquisition of subsidiary, net - (4,758,656)of cash acquired Net cash used in Investing Activities (15,134,055)

(23,840,748)

Cash Flows from Financing Activities Proceeds from issues of shares 2,072,187 19,957,902 Payment of share issue costs - (789,632) Loan funds received 15,400,000 - Repayment of borrowings (1,466,667) - Net cash used in Financing Activities 16,005,520 19,168,270 Net Increase/(decrease) in Cash and Cash (6,726,438) (13,033,058)Equivalents Held Cash and cash equivalents at beginning of 10,578,562 18,369,514 period Exchange rate adjustment - (465,173) Cash and cash equivalents at end of period 3,852,124 4,871,283

*Restated. Refer to Notes 2 and 3 for further details

The above Consolidated Statement of Cash Flows should be read in conjunctionwith the accompanying notes.