Mr. Jim Kessler reports

RITCHIE BROS. SELLS US$258+ MILLION OF HEAVY EQUIPMENT ASSETS AND VEHICLES IN ITS 2024 PREMIER GLOBAL AUCTION IN ORLANDO, FL

RB Global Inc.'s Ritchie Bros. Auctioneers sold over 16,500 equipment items, trucks and vehicles at its Feb. 19 to 23 premier global auction event in Orlando, Fla., generating over $258-million (U.S.) in gross transaction value (GTV).

The premier global auction event attracted over 22,000 people from over 80 countries, with approximately 83 per cent of the equipment selling to U.S. buyers, including 22 per cent purchased by Floridians. The remaining 17 per cent of the equipment was purchased by international buyers from as far away as Poland, India and Vietnam.

In addition to producing results for customers in Orlando last week, the Ritchie Bros. on-line auction platform featured the Australia National Online Auction, Feb. 21 to 22, and an IronPlanet weekly auction. In Australia, over 2,400 equipment items generated over $27-million (U.S.) in GTV, while the IronPlanet weekly auction saw over 1,100 heavy equipment items sell for $13-million (U.S.) in GTV. Ritchie Bros. continues to prove that it is the leading destination for buying and selling heavy equipment and transportation assets globally, with over $300-million (U.S.) in GTV sold last week alone.

"It was another successful year of on-site and on-line bidding and buying at our premier global auction in Florida, helping us drive strong results for the massive selection of equipment and vehicles available," said Jim Kessler, chief executive officer for RB Global. "Our 200-acre yard was busy all week with customers viewing and inspecting equipment and it was great to be able to meet and connect with customers in person. At the same time, many more were participating on-line or through our mobile app from the convenience of their home or office.

"I'd like to offer a huge thank you to all our customers participating on-site and on-line last week. Our talented team, unique approach to yards and innovative technology platform give buyers the confidence to purchase from around the world and give sellers the very best returns for their assets."

About RB Global Inc.

RB Global is a leading, omnichannel marketplace that provides value-added insights, services and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. Through its auction sites in 14 countries and digital platform, RB Global serves customers in more than 170 countries across a variety of asset classes, including automotive, commercial transportation, construction, government surplus, lifting and material handling, energy, mining, and agriculture. The company's marketplace brands include Ritchie Bros., the world's largest auctioneer of commercial assets and vehicles offering on-line bidding, and IAA, a leading global digital marketplace connecting vehicle buyers and sellers. RB Global's portfolio of brands also includes Rouse Services, which provides a complete end-to-end asset management, data-driven intelligence and performance benchmarking system; SmartEquip, an innovative technology platform that supports customers' management of the equipment life cycle and integrates parts procurement with both original equipment manufacturers and dealers; Xcira, a leader in live simulcast auction technologies; and VeriTread, an on-line marketplace for heavy haul transport.

We seek Safe Harbor.