Partnership Marketing Agreement

12 November 2014

Rangers International Football Club plc

("Rangers" or the "Company")

Partnership Marketing Agreement

The Board of Rangers is pleased to announce that Rangers Football Club Limited has entered into a partnership marketing agreement with SportsDirect.com Retail Limited ("Sports Direct") in which Sports Direct has given up its naming rights to the Ibrox Stadium. The agreement consolidates existing marketing arrangements between the parties and results in a more normalised retail joint venture marketing arrangement in which Sports Direct will continue to have certain advertising rights.

Commenting on the arrangement David Somers, Executive Chairman, said "This agreement has been concluded to demonstrate the importance both parties place on our relationship. The Rangers Board welcomes this visible demonstration of the Sports Direct support and long term commitment to Rangers."

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