Mr. Ravi Saligram reports

KIM FENNELL AND AMY GUGGENHEIM SHENKAN TO JOIN RITCHIE BROS.' BOARD OF DIRECTORS

Ritchie Bros. Auctioneers Inc. has appointed J. Kim Fennell and Amy Guggenheim Shenkan to its board of directors, effective July 1, 2017.

Commenting on the two appointments, Bev Briscoe, chair of Ritchie Bros.' board, said: "We are very excited to welcome Kim and Amy as our newest directors. They each bring unique leadership experience in sectors that have seen significant innovation and growth over the last two decades."

Said Ritchie Bros' chief executive officer Ravi Saligram: "With the acquisition of IronPlanet now completed and integration efforts well under way, the company has accelerated its transformation into an information- and insights-driven, digitally savvy, multichannel solution provider. Kim and Amy bring a strongly complementary and highly relevant combination of skill sets that will provide great strategic value to the company as it continues down this exciting path."

Mr. Fennell is currently head, location-based services partnerships, at Uber Technologies Inc., a mobile application-based transportation network that connects passengers with drivers of vehicles for hire. Mr. Fennell had been president and CEO of deCarta Inc., a location-based services platform company that provided geospatial technologies for on-line mapping, routing and navigation, prior to its acquisition by Uber in 2015. Prior to deCarta, he held various CEO and other senior positions in the communications and technology sector, principally at Octel Communications, with significant experience in enterprise sales, both in North America and Europe. Mr. Fennell holds a BA in political science and economics from Queen's University. Mr. Fennell is a charter member of the C100 association and sits on the board of the Silicon Valley Leadership Group Foundation.

Ms. Shenkan is president and chief operating officer of Common Sense Media, the leading national not-for-profit organization dedicated to helping kids, families and educators successfully navigate the media and technology world. Prior to joining Common Sense Media in 2011, Ms. Shenkan was an on-line and multichannel sales and marketing expert with McKinsey & Company Inc., advising global businesses across many industries about the use of the Internet to make digital transformations. Ms. Shenkan also held leadership roles at Travelocity (formerly Preview Travel) and Wells Fargo as these companies transformed their companies and their industries by leveraging technology. She holds a BA from the University of Michigan and an MBA from Harvard Business School.

About Ritchie Bros. Auctioneers Inc.

Established in 1958, Ritchie Bros. is a global asset management and disposition company, offering customers end-to-end solutions for buying and selling used heavy equipment, trucks and other assets.