Directorate Change

Rangers International Football Club plc

("Rangers", the "Group" or the "Club")

Directorate Change

Rangers announces that the Board has appointed Craig Mather, aged 42, to the role of Chief Operating Officer for the Group. In addition, Craig will act as interim Chief Executive Officer and will be a member of the Board as the interim Chief Executive Officer. In the meanwhile the search for a permanent replacement for Charles Green will continue and a further announcement will be made as appropriate. Craig has been director of sports development for the Club since October 2012 and is currently a shareholder in the Club having invested prior to its initial public offering in 2012. Craig currently holds 1,800,000 ordinary shares, representing 3.1 per cent. of the Company's shares in issue.

Craig is currently a director of Simply Cartons Limited, Simply Cartons Holdings Limited, Simply Racing Limited, Simply Sport Management Limited, Puki Limited, One Partners Limited and Little Big Shot Limited and has been a director of IP Logik Limited, Simply Rigids Limited and Spirit Sports Entertainment and Media Limited in the last five years.

There are no further disclosures to be made pursuant to Schedule 2 paragraph (g) of the AIM Rules.

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About Rangers Football Club

Rangers Football Club, formed in Scotland in 1872, is one of the world's most successful clubs, having won 54 League titles, 33 Scottish Cups, 27 League Cups and the European Cup Winners' Cup in 1972. The Club's loyal and sizeable supporter base, both in Scotland and around the world, enables the Club to boast one of the highest percentages of season ticket holders in the UK, with over 38,000 having been sold for the current season. Playing at the 51,082 seater Ibrox Stadium and benefitting from the world class 37 acre Murray Park training facility, the Club has been a dominant force in Scottish football for decades. This world class stadium, training infrastructure and a loyal and passionate global fanbase provide an excellent foundation for the Rangers Group.

Currently the Club is competing in Division 3 of the SFL, though it is the intention of the Directors and the manager for the Club to return to top level football as soon as possible. The history, facilities and ambition of the Club are such that the Club remains a desirable destination for foreign and domestic players alike. The first team squad is managed by Ally McCoist, the former Rangers forward, who remains the Club's all-time leading goal scorer.

For more information please visit the website: www.rangers.co.uk