Mr. Jeff Jeter reports

RITCHIE BROS. SELLS RECORD OF NEARLY CA$250 MILLION IN HEAVY EQUIPMENT ASSETS AND VEHICLES AT BIGGEST-EVER PREMIER CANADA AUCTION EVENT

RB Global Inc.'s Ritchie Bros. Auctioneers sold 14,500-plus equipment items, trucks and vehicles at its premier Canada auction event in Edmonton, Alta., last week. The five-day auction generated nearly $250-million in gross transaction value -- a new Canadian record.

The April 29 to May 3, 2024, on-line and on-site auction attracted more than 21,000 bidders from 43 countries, with approximately 94.2 per cent of the equipment selling to Canadians, including 63.3 per cent purchased by Albertans. The remaining 5.8 per cent of the equipment was purchased by international buyers from as far away as Saudi Arabia, Italy and the Netherlands.

"Our April-May Edmonton event once again delivered a huge selection of equipment, including lots of late-model, low-hour gear, coming off recently completed jobs and ready to go to work for new owners in the next season," said Jeff Jeter, chief revenue officer for RB Global. "Ritchie Bros. continues to prove that we are the leading destination for buying and selling heavy equipment and transportation assets globally, with over 21,000 bidders who were active on site, on-line and through our mobile app throughout the auction. We would like to thank our record number of more than 1,600 consignors for once again choosing Ritchie Bros. to deliver the results that they count on us to deliver.

"We also extend a huge thank you to our generous and community-minded customers, who have again bid on our VIP parking stalls in support of the Make-A-Wish Foundation. Four companies have helped to raise $42,000 this year. Over the last seven years, our customers have helped to raise $200,000 for children with critical illnesses," Mr. Jeter said.

Ritchie Bros. has more than 110,000 equipment items and trucks in its coming auctions and on-line marketplaces, including 5,400-plus items selling in an Ontario regional event on May 8 to May 10; 4,000-plus items selling in Montreal, Que., on May 15 to May 17; 1,700 items selling in Lethbridge, Alta., on May 16; and 2,400-plus items selling in a B.C. regional event on May 29 and May 30. For a complete list of coming auctions and events, including weekly IronPlanet auctions and Marketplace-E events, visit the company's website.

About RB Global Inc.

RB Global (New York Stock Exchange: RBA) (Toronto Stock Exchange: RBA) 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.

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