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Update on Non-Renounceable Options Issue

4 Dec 2007 08:53

Range Resources Ltd ABN 88 002 522 009 34 Parliament Place West Perth WA 6005 PO Box 684 West Perth WA 6872 P: +61 8 9488 5200 F: +61 8 9321 6699 admin@rangeresources.com.au04 December 2007

NON-RENOUNCEABLE ENTITLEMENT ISSUE

The Board of Range Resources Limited advises that Application Forms for 13,330,027 Entitlement Issue Options out of a total of 24,430,003 raising approximately $133,300 were received pursuant to the Company's 1 for 8 Non-Renounceable Entitlement Offer to Shareholders dated 1 November 2007.

In addition Application Forms for 54,855,872 Placement Options out of a total of 69,185,660 raising approximately $548,559 were received pursuant to a Placement Offer to holders of Listed Options as at 1 August 2007.

As detailed in the Prospectus dated 1 November 2007, the shortfall for the Placement Offer will be offered to persons who acquired Listed Options between 2 August 2007 and 13 September 2007. There will not be any allocation of any shortfall of the Non-Renounceable Entitlement Offer.

MICHAEL POVEYManaging Director

For enquiries, please contact:

Range Resources Ltd. RFC Corporate Finance Fox-Davies Capital (Nominated Adviser) (Broker) Peter Landau Stuart Laing Daniel Fox-Davies + 61 8 9488 5200 +61 8 9480 2500 +44 (0)207 936 5200 www.rangeresources.com.au

RANGE RESOURCES LTD
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