STA.L Regulatory News (STA)

RANGE RESOURCES LTD - Notice of General Meeting

PR Newswire

London, May 23

Range Resources Limited ("Range" or "the Company") is holding aGeneral Meeting of Shareholders on Wednesday, 19 June 2013.

Please find below the Notice of General Meeting as despatched toshareholders of the Company.

E: plandau@rangeresources.com.au E: david.tasker@ppr.com.au

RFC Ambrian Limited (Nominated Advisor) Old Park Lane Capital (Joint Broker)Stuart Laing

Fox-Davies Capital Limited (Joint GMP Securities Europe LLP (JointBroker)

Daniel Fox-Davies / Richard Hail James PopeT: +44 (0) 203 463 5000

Range Resources Limited is a dual listed (ASX:RRS; AIM:RRL) oil & gasexploration company with oil & gas interests in the frontier state ofPuntland, Somalia, the Republic of Georgia, Texas, USA, Trinidad and Colombia.

- In Trinidad Range holds a 100% interest in holding companies with three

onshore production licenses and fully operational drilling subsidiary.

Independently assessed Proved (P1) reserves in place of 17.5 MMBO with 25.2

MMBO of proved, probable and possible (3P) reserves and an additional 81 MMBO

of unrisked prospective resources.

- In the Republic of Georgia, Range holds a 40% farm-in interest in onshore

blocks VIa and VIb, covering approx. 7,000sq.km. Range completed a 410km 2D

seismic program with independent consultants RPS Energy identifying 68

potential structures containing an estimated 2 billion barrels of undiscovered

oil-in-place (on a mean 100% basis) with the first (Mukhiani-1) exploration

well having spudded in July in 2011. The Company is focussing on a revised

development strategy that will focus on low-cost, shallow appraisal drilling

of the contingent resources around the Tkibuli-Shaori ("Tkibuli") coal

deposit, which straddles the central sections of the Company's two blocks.

- In Puntland, Range holds a 20% working interest in two licenses encompassing

the highly prospective Dharoor and Nugaal valleys. The operator and 60%

interest holder, Horn Petroleum Corp. (TSXV:HRN) has completed two exploration

wells and will continue with a further seismic and well program over the next

12-18 months.

- Range holds a 25% interest in the initial Smith #1 well and a 20% interest

in further wells on the North Chapman Ranch project, Texas. The project area

encompasses approximately 1,680 acres in one of the most prolific oil and gas

producing trends in the State of Texas. Independently assessed 3P reserves in

place (on a 100% basis) of 228 Bcf of natural gas, 18 mmbbls of oil and 17

mmbbls of natural gas liquids.

- Range holds a 21.75% interest in the East Texas Cotton Valley Prospect in

Red River County, Texas, USA, where the prospect's project area encompasses

approximately 1,570 acres encompassing a recent oil discovery. The prospect

has independently assessed 3P reserves in place (on a 100% basis) of 3.3mmbbls

of oil.

- Range is earning a 65% (option to move to 75%) interest in highly

prospective licences in the Putumayo Basin in Southern Colombia. The Company

will undertake a 3D seismic program in the near term as part of its

exploration commitments on the Company's Colombian interests.

- Range has taken a strategic stake (19.9%) in Citation Resources Limited

(ASX: CTR) which holds a 70% interest in Latin American Resources (LAR). LAR

holds an 80-100% interest in two oil and gas development and exploration

blocks in Guatemala with Canadian NI 51-101 certified proved plus probable

(2P) reserves of 2.3 MMBBL (100% basis). Range also holds a 10% interest in

LAR.

Table of Reserves and Resources

Detailed below are the estimated reserves for the Range project portfolio.

* Reserves attributable to Range's interest in the North Chapman Ranch asset,which are net of government and overriding royalties as described in theForrest Garb report.

** The reserves estimate for the Guatemalan Blocks in which LAR (and CTR) havean interest in is as reported by CTR. CTR has not reported 1P and 3Pestimates, but Range is seeking such information from CTR for future reportingpurposes.

Detailed below are the estimated resources and oil-in-place delineated acrossRange's portfolio of project interests.

All figures in MMboe Gross Oil Reserves Range's Net AttributableProject

All of the technical information, including information in relation toreserves and resources that is contained in this document has been reviewedinternally by the Company's technical consultant, Mr Mark Patterson. MrPatterson is a geophysicist who is a suitably qualified person with over 25years' experience in assessing hydrocarbon reserves and has reviewed therelease and consents to the inclusion of the technical information.

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.

All of the technical information, including information in relation toreserves and resources that is contained in this document has been reviewedinternally by the Company's technical consultant, Mr Mark Patterson. MrPatterson is a geophysicist who is a suitably qualified person with over 25years' experience in assessing hydrocarbon reserves and has reviewed therelease and consents to the inclusion of the technical information.

The reserves estimates for the 3 Trinidad blocks and update reserves estimatesfor the North Chapman Ranch Project and East Texas Cotton Valley referredabove have been formulated by Forrest A. Garb & Associates, Inc. (FGA). FGA isan international 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 ofthe Society 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 officesworldwide, who specialise in the evaluation of resources, and have consentedto the information with regards to the Company's Georgian interests in theform and context that they appear. These estimates were formulated inaccordance with the 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 TSX certified 51-101 certified reserves with respect to the Guatemalanproject are as reported by ASX listed Company Citation Resources (ASX: CTR).

In granting its consent to the public disclosure of this press release withrespect to the Company's Trinidad operations, Petrotrin makes norepresentation or warranty as to the adequacy or accuracy of its contents anddisclaims any liability that may arise because of reliance on it.

The Contingent Resource estimate for CBM gas at the Tkibuli project is sourcedfrom the publically available references to a report by Advanced ResourcesInternational's ("ARI") report in 2009: CMM and CBM development in theTkibuli-Shaori Region, Georgia. Advanced Resources International, Inc., 2009.Prepared for GIG/Saknakhshiri and U.S. Trade and Development Agency. -.globalmethane.org/documents/ toolsres_coal_overview_ch13.pdf. Range'stechnical consultants have not yet reviewed the details of ARI's resourceestimate and the reliability of this estimate and its compliance with the SPEreporting guidelines or other standard is uncertain. Range and its JV partnerswill be seeking to confirm this resource estimate, and seek to definereserves, through its appraisal program and review of historical data duringthe next 12 months.

Reserve information on the Putumayo 1 Well published by Ecopetrol 1987.

SPE Definitions for Proved, Probable, Possible Reserves and ProspectiveResources

Proved Reserves are those quantities of petroleum, which by analysis ofgeoscience and engineering data, can be estimated with reasonable certainty tobe commercially recoverable, from a given date forward, from known reservoirsand under defined economic conditions, operating methods, and governmentregulations.

Probable Reserves are those additional Reserves which analysis of geoscienceand engineering data indicate are less likely to be recovered than ProvedReserves but more certain to be recovered than Possible Reserves.

Possible Reserves are those additional reserves which analysis of geoscienceand engineering data indicate are less likely to be recoverable than ProbableReserves.

1P refers to Proved Reserves, 2P refers to Proved plus Probable Reserves and3P refers to Proved plus Probable plus Possible Reserves.

Prospective Resources are those quantities of petroleum estimated, as of agiven date, to be potentially recoverable from undiscovered accumulations byapplication of future development projects. Prospective Resources have both anassociated chance of discovery and a chance of development. ProspectiveResources are further subdivided in accordance with the level of certaintyassociated with recoverable estimates assuming their discovery and developmentand may be sub-classified based on project maturity.

Contingent Resources are those quantities of hydrocarbons which are estimated,on a given date, to be potentially recoverable from known accumulations, butwhich are not currently considered to be commercially recoverable.

Undiscovered Oil-In-Place is that quantity of oil which is estimated, on agiven date, to be contained in accumulations yet to be discovered. Theestimated potentially recoverable portion of such accumulations is classifiedas Prospective Resources, as defined above.

Formal Dining Room

Hackett Drive, Crawley, Western Australia

This Notice of Meeting should be read in its entirety. If Shareholders are indoubt as to how they should vote, they should seek advice from theirprofessional advisers prior to voting.

Should you wish to discuss the matters in this Notice of Meeting please do nothesitate to contact the Company Secretary on (08) 9488 5220.

Time and Place of Meeting

The General Meeting of Shareholders of Range Resources Limited which thisNotice of Meeting relates to will be held on Wednesday, 19th June 2013 at2:00pm (WST) at:

Your Vote Is Important

The business of the General Meeting affects your shareholding and your vote isimportant.

Voting Eligibility

The Directors have determined pursuant to Regulation 7.11.37 of CorporationsRegulations 2001 (Cth) that the persons eligible to vote at the GeneralMeeting are those who are registered Shareholders at 2:00pm (WST) on Monday,17th June 2013.

Voting in Person

To vote in person, attend the General Meeting on the date and at the place setout above. The meeting will commence at 2:00pm (WST).

Voting by Proxy

To vote by proxy, please complete and sign the enclosed Proxy Form and returnby 2:00pm (WST) on Monday, 17th June 2013 in accordance with the instructionsset out on the Proxy Form.

New sections 250BB and 250BC of the Corporations Act came into effect on 1August 2011 and apply to voting by proxy on or after that date. Shareholdersand their proxies should be aware of these changes to the Corporations Act, asthey will apply to this General Meeting. Broadly, the changes mean that:

- if proxy holders vote, they must cast all directed proxies as directed; and

- any directed proxies which are not voted will automatically default to the

Chair, who must vote the proxies as directed.

Further details on these changes are set out below.

Proxy vote if appointment specifies way to vote

Section 250BB(1) of the Corporations Act provides that an appointment of aproxy may specify the way the proxy is to vote on a particular resolution and,if it does:

- the proxy need not vote on a show of hands, but if the proxy does so, the

proxy must vote that way (i.e. as directed); and

- if the proxy has 2 or more appointments that specify different ways to vote

on the resolution - the proxy must not vote on a show of hands; and

- if the proxy is the chair of the meeting at which the resolution is voted on- the proxy must vote on a poll, and must vote that way (i.e. as directed);

and

- if the proxy is not the chair - the proxy need not vote on the poll, but if

the proxy does so, the proxy must vote that way (i.e. as directed).

Transfer of non-chair proxy to chair in certain circumstances

Section 250BC of the Corporations Act provides that, if:

- an appointment of a proxy specifies the way the proxy is to vote on a

particular resolution at a meeting of the Company's members; and

- the appointed proxy is not the chair of the meeting; and

- at the meeting, a poll is duly demanded on the resolution; and

- either of the following applies:

- the proxy is not recorded as attending the meeting;

- the proxy does not vote on the resolution,

chair of the meeting is taken, before voting on the resolution closes, to havebeen appointed as the proxy for the purposes of voting on the resolution atthe meeting.

Notice of Meeting

Notice is given that the General Meeting of Shareholders Range ResourcesLimited will be held at the The University Club of Western Australia, FormalDining Room, Hackett Drive, Crawley, Western Australia at 2:00pm (WST) onWednesday, 19th June 2013 (General Meeting).

The Directors have determined pursuant to Regulation 7.11.37 of theCorporations Regulations 2001 (Cth) that the persons eligible to vote at theGeneral Meeting are those who are registered Shareholders of the Company as at2:00pm on Monday, 17th June 2013.

Terms and abbreviations used in this Notice of Meeting and ExplanatoryStatement are defined in the glossary or in the Explanatory Statement.

Agenda

The Explanatory Statement to this Notice of Meeting describes the matters tobe considered at the General Meeting.

Ordinary Business

1. Resolution 1 - Ratification of First Tranche Placement

To consider and, if thought fit, to pass, with or without amendment, thefollowing resolution as an ordinary resolution:

"That for the purposes of Listing Rule 7.4 of the ASX Listing Rules and forall other purposes, Shareholders ratify the issue and allotment of 267,944,818Shares on the terms and conditions set out in the Explanatory Statement."

Voting Exclusion: The Company will disregard any votes cast on this Resolutionby any person who participated in the issue, and any associates of thosepersons. However, the Company need not disregard a vote if:

(a) it is cast by a person as a proxy for a person who is entitledto vote, in accordance with the directors on the proxy form; or

(b) it is cast by the person chairing the meeting as proxy for aperson who is entitled to vote, in accordance with a direction on the proxyform to vote as the proxy decides.

2. Resolution 2 - Approval of Second Tranche Placement

To consider and, if thought fit, to pass, with or without amendment, thefollowing resolution as an ordinary resolution:

"That for the purposes of Listing Rule 7.1 of the ASX Listing Rules and forall other purposes, the shareholders of the Company authorise and approve theDirectors to issue up to 71,038,233 Shares and 169,491,526 Placement Optionson the terms and conditions set out in the Explanatory Statement."

Voting Exclusion: The Company will disregard any votes cast on this Resolutionby any person who may participate in the proposed issue and a person who mightobtain a benefit, except a benefit solely in the capacity of a holder ofordinary securities, and any associates of those persons. However, the Companyneed not disregard a vote if:

(a) it is cast by a person as a proxy for a person who is entitledto vote, in accordance with the directors on the proxy form; or

(b) it is cast by the person chairing the meeting as proxy for aperson who is entitled to vote, in accordance with a direction on the proxyform to vote as the proxy decides.

3. Resolution 3 - Pre-approval of Placement Options to Advisors

To consider and, if thought fit, to pass, with or without amendment, thefollowing resolution as an ordinary resolution:

"That for the purposes of Listing Rule 7.1 of the ASX Listing Rules and forall other purposes, Shareholders authorise and approve the Directors to issueup to 20,338,983 Placement Options on the terms and conditions set out in theExplanatory Statement."

Voting Exclusion: The Company will disregard any votes cast on this Resolutionby any person who participated in the issue and a person who might obtain abenefit, except a benefit solely in the capacity of a holder of ordinarysecurities, and any associates of those persons. However, the Company need notdisregard a vote if:

(a) it is cast by a person as a proxy for a person who is entitledto vote, in accordance with the directors on the proxy form; or

(b) it is cast by the person chairing the meeting as proxy for aperson who is entitled to vote, in accordance with a direction on the proxyform to vote as the proxy decides.

4. Resolution 4 - Ratification of Prior Issues under FinancingAgreements

To consider and, if thought fit, to pass, with or without amendment, thefollowing resolution as an ordinary resolution:

"That for the purposes of Listing Rule 7.4 of the ASX Listing Rules and forall other purposes, Shareholders ratify the issue and allotment of 48,445,573Shares and 15,708,801 Options on the terms and conditions set out in theExplanatory Statement."

Voting Exclusion: The Company will disregard any votes cast on this Resolutionby YA Global Master SPV Ltd, and any associates of YA Global Master SPV Ltd.However, the Company need not disregard a vote if:

(a) it is cast by a person as a proxy for a person who is entitledto vote, in accordance with the directors on the proxy form; or

(b) it is cast by the person chairing the meeting as proxy for aperson who is entitled to vote, in accordance with a direction on the proxyform to vote as the proxy decides.

5. Resolution 5 - Ratification of Prior Issue under FundingFacility

To consider and, if thought fit, to pass, with or without amendment, thefollowing resolution as an ordinary resolution:

"That for the purposes of Listing Rule 7.4 of the ASX Listing Rules and forall other purposes, Shareholders ratify the issue and allotment of 16,000,000Shares and 32,275,862 Options on the terms and conditions set out in theExplanatory Statement."

Voting Exclusion: The Company will disregard any votes cast on this Resolutionby Crede Capital Group and nominees of Crede Capital Group who participated inthe issue, and any associates of those persons. However, the Company need notdisregard a vote if:

(a) it is cast by a person as a proxy for a person who is entitledto vote, in accordance with the directors on the proxy form; or

(b) it is cast by the person chairing the meeting as proxy for aperson who is entitled to vote, in accordance with a direction on the proxyform to vote as the proxy decides.

6. Resolution 6 - Ratification of Prior Issue

To consider and, if thought fit, to pass, with or without amendment, thefollowing resolution as an ordinary resolution:

"That for the purposes of Listing Rule 7.4 of the ASX Listing Rules and forall other purposes, Shareholders ratify the issue and allotment of 40,000,000Shares and 40,000,000 Options on the terms and conditions set out in theExplanatory Statement."

Voting Exclusion: The Company will disregard any votes cast on this Resolutionby any person who participated in the issue, and any associates of thosepersons. However, the Company need not disregard a vote if:

(a) it is cast by a person as a proxy for a person who is entitledto vote, in accordance with the directors on the proxy form; or

(b) it is cast by the person chairing the meeting as proxy for aperson who is entitled to vote, in accordance with a direction on the proxyform to vote as the proxy decides.

Notes:

A shareholder of the Company entitled to attend and vote is entitled toappoint not more than two proxies. Where more than one proxy is appointed,each proxy must be appointed to represent a specified proportion of theshareholder's voting rights. If the shareholder appoints two proxies and theappointment does not specify this proportion, each proxy may exercise half ofthe votes. A proxy need not be a shareholder of the Company.

For the purposes of the Corporations Regulations, the Directors have set asnapshot date to determine the identity of those entitled to attend and voteat the Meeting. The snapshot date is 2:00pm (WST) on Monday, 17th June 2013.Accordingly, transactions registered after this time will be disregarded indetermining entitlements to attend and vote at the meeting.

Enquiries:

Shareholders are invited to contact the Company on +61 8 9488 5220 if theyhave any queries in respect of the matters set out in these documents.