Ms. Sharon Driscoll reports

RITCHIE BROS. NOW OFFERING FINANCING TO IRONPLANET CUSTOMERS THROUGH RITCHIE BROS. FINANCIAL SERVICES

Ritchie Bros. Auctioneers Inc.'s Ritchie Bros. Financial Services (RBFS) is expanding its reach, now serving as a preferred provider for IronPlanet, a leading on-line marketplace for used equipment and other durable assets.

IronPlanet's growing customer base will now have access to RBFS's LeaseFlex and PurchaseFlex financing solutions, which offer more flexibility and convenience compared with traditional bank financing when purchasing trucks and equipment.

"Ritchie Bros. Financial Services has a fast and easy application process, helping equipment buyers get quicker access to the cash they need to bid and purchase with confidence," said Sharon Driscoll, chief financial officer of Ritchie Bros. and board chair at RBFS. "When RBFS was introduced six years ago, the company focused solely on providing financing solutions for customers of our live auctions. As the focus on the overall customer experience has evolved, RBFS has diversified, providing financing to customers buying equipment from other sources, including dealerships. Becoming an official preferred provider with IronPlanet is a logical next step for RBFS and an excellent opportunity for growth."

"We are thrilled to bring our various financing solutions to IronPlanet to help increase the purchasing power of its buyers," said Jim Case, chief executive officer, RBFS. "Our goal is to make buying equipment easier than ever before. Our LeaseFlex and PurchaseFlex products cover a huge range of equipment types, ages and financing terms; once preapproved customers can shop for almost anything. We finance all brands. Our preapprovals last 90 days and are quick and easy to renew."

Both IronPlanet and RBFS are part of Ritchie Bros., a publicly traded global asset management and disposition company, offering customers end-to-end solutions for buying and selling used heavy equipment, trucks and other assets, when, where and how they choose.

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.