Statement re: Annual results

Rangers International Football Club plc

("Rangers" the "Club" or the "Company")

Statement re: Annual results for the 13 month period ended 30 June 2013

The Directors confirm that following the issue of shares announced on 1 July 2014 pursuant to the exercise of options by a former Director, there are now no outstanding share options or convertible shares held within the Group. The Directors note that Note 30 to the accounts for the 13 month period ended 30 June 2013 was incorrect to the extent that the options to which the share announcement on 1 July 2014 relate were not included.

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