Mr. Jake Lawson reports

RITCHIE BROS. SELLS CA$224+ MILLION OF HEAVY EQUIPMENT ASSETS AND VEHICLES AT PREMIER CANADIAN AUCTION EVENT

RB Global Inc.'s Ritchie Bros. Auctioneers sold 11,000-plus equipment items, trucks and vehicles at its premier Canadian auction event in Edmonton, Alta., last week. The five-day auction generated nearly $225-million in gross transaction value.

The April 29 to May 3, 2025, on-line and on-site auction attracted more than 18,000 bidders from more than 50 countries, with approximately 94 per cent of the equipment selling to Canadians, including 62 per cent purchased by Albertans. The remaining 6 per cent of the equipment was purchased by international buyers from as far away as Saudi Arabia, Egypt, Peru and the Netherlands.

"This year's April-May event in Edmonton was once again embraced by our many trusted consignors and buyers as the premier event in Canada to buy and sell heavy equipment. In the face of ongoing market uncertainty, Ritchie Bros. once again delivered strong buyer demand on a huge selection of late-model, low-hour equipment," said Jake Lawson, president of North American sales for Ritchie Bros. "It is with tremendous pride that we get to host this event every year, and we would like to thank the 1,700-plus consignors and 4,300-plus buyers that contributed to making the 2025 version of it a success.

"We would also like to recognize the generosity of our customers that contributed to raising over $66,000 for charity at our annual customer appreciation event hosted in conjunction with this auction. Together, in the last eight years, we have raised $232,000 for the Make-A-Wish Foundation. This year we also proudly raised $33,000 for the Leduc and district food bank and holiday hampers."

Ritchie Bros. has more than 80,000 equipment items and trucks in its coming auctions and on-line marketplaces, including 4,800-plus items selling in an Ontario regional event on May 21 to May 23; 2,900-plus items selling in a Quebec regional event on May 27 to May 29; 1,500-plus items selling in an Atlantic regional event on May 30; and 1,200-plus items selling in a B.C. regional event June 3 and June 4. The next large sale in Edmonton will be June 23 to June 25, with 1,600-plus items already listed on the auction site. For a complete list of coming auctions and events, including weekly IronPlanet auctions and Marketplace-E events, visit the RB website.

About RB Global Inc.

RB Global is a leading, omnichannel marketplace and trusted provider of value-added insights, services and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. Through its global network of auction sites and digital platform, RB Global serves customers worldwide across a variety of asset classes, including automotive, construction, commercial transportation, government surplus, lifting and material handling, energy, mining, and agriculture. The company's end-to-end marketplace solutions include Ritchie Bros., IAA, Rouse Services, SmartEquip and VeriTread.

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