Mr. Sameer Rathod reports

MEDIA ADVISORY -- RITCHIE BROS. TO HOST FOURTH QUARTER 2020 RESULTS EARNINGS CONFERENCE CALL ON FEBRUARY 19, 2021

Ritchie Bros. Auctioneers Inc. is inviting interested parties to participate in its fourth quarter 2020 earnings conference call, occurring on Friday, Feb. 19, 2021, at 11 a.m. ET. During the call, company executives will discuss Ritchie Bros. Auctioneers' earning results and answer questions from analysts and institutional investors. The company's fourth quarter 2020 earnings results will be released after the New York Stock Exchange and the Toronto Stock Exchange close on Thursday, Feb. 18, 2021.

Analysts and institutional investors may participate via conference call using the following dial-in information:

• 1-888-231-8191 (toll-free North America);
• 2039662922 (toll-free United Kingdom);
• 1-647-427-7450 (Toronto and overseas).

Please ask to participate in Ritchie Bros. Auctioneers' fourth quarter 2020 earnings call and quote conference ID 2696823, if prompted.

Media and other interested parties may listen to the conference call via webcast by selecting the fourth quarter 2020 earnings call webcast link at the company's website.

Please note that there will be presentation slides accompanying the earnings call. The slides will be displayed live on the webcast and will be available to download via the webcast player or at the company's website the morning of the call.

A replay of the conference call can be accessed after 2 p.m. ET until March 6, 2021, at 416-849-0833 or 1-855-859-2056 (using passcode 2696823).

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. Operating in a number of sectors, including construction, transportation, agriculture, energy, mining, oil and gas, and forestry, the company's selling channels include: Ritchie Bros. Auctioneers, the world's largest industrial auctioneer, offering live auction events with on-line bidding; IronPlanet, an on-line marketplace with featured weekly auctions and providing the exclusive IronClad Assurance equipment condition certification; Marketplace-E, a controlled marketplace offering multiple price and timing options; Mascus, a leading European on-line equipment listing service; and Ritchie Bros. Private Treaty, offering privately negotiated sales. The company's suite of solutions also includes Ritchie Bros. Asset Solutions and Rouse Services LLC, which together provide a complete end-to-end asset management, data-driven intelligence and performance benchmarking system. Ritchie Bros. also offers sector-specific solutions, including GovPlanet, TruckPlanet and Kruse Energy, plus equipment financing and leasing through Ritchie Bros. Financial Services.