RANGE INTERNATIONAL LIMITED — AGM Information 2017

May 18, 2017

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2017 Annual General Meeting Chair’s Address Sydney, Australia Friday, 19 May 2017

Good morning. It being 10.00am and there being a quorum, I declare open the 2017 Annual General Meeting of Range International Limited.

On behalf of the Board, I welcome all shareholders, guests and visitors.

My name is Mark Daniel. I am the Chair of Range and I am the Chair of today’s meeting.

All of Range’s Directors are here today:

• Mr Matthew Darby, Range’s founder and an Executive member of the Board;

• Mr Bill Koeck. Bill is a Non-Executive Director and Chair of the Board’s Audit and Risk Committee;

• Mr Lars Amstrup, Managing Director and CEO of Range International; and

• Mr Stewart Hall, the former Chair of the Company who reverted to a NonExecutive Director role yesterday.

I would like to thank Stewart for his previous work as Chair. He was responsible for getting me involved with the Board and his hard work, along with Matthew, in listing the Company should be acknowledged. Stewart’s move to the United Kingdom has made the Chairman role increasingly challenging and he has elected to stand aside but still stay and keep his passion involved in the business.

Also present is our Company Secretary, Ms Gillian Nairn and our CFO, Mr Geoff Walker. A representative of the Company’s Auditor, PriceWaterhouseCoopers, Mr Mark Dow, is also present to receive any questions shareholders may have for the Auditor.

The purpose of this annual general meeting is to give you the opportunity to ask questions about the Company’s reports for the 2016 financial year and to consider and vote on several resolutions which are important for the effective running of the Company.

RANGE INTERNATIONAL LTD ACN 611 998 200 | Level 5, 134 William Street East Sydney, NSW 2010 | www.rangeinternational.com

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Before we do that, I would like to take everyone back ten months to July 22 last year, when Range International listed on the ASX. At that time, the business had a small pilot plant in Bali operating two production lines and 70 staff.

Much has been achieved in the short space of ten months. A new facility capable of holding 14 lines has been acquired, significant renovations and additions to the facility are underway, eight new lines have been purchased with three already commissioned and in operation at the new facility and a fourth scheduled for commissioning in early June.

While the initial focus was on establishing a new factory, the business has also expanded its product range with new products. We believe our products will be game changers in the pallet industry as they are priced competitively against wood and are significantly cheaper than plastic alternatives.

They are made from 100% recycled plastic and offer significant environmental benefits.

With a great factory and a new suite of products in place, we now have a regional sales team who can focus on selling the benefits of our products to customers.

In the past month, we have appointed a new Head of Sales and Marketing, Rachelle Woodsford, continued to invest in a sales team across eight Asian countries and sought and achieved certification for our products for sale into China. This has not been an easy task and the certification will now allow pallets to be shipped to China in increasing quantities.

In the past few weeks, we have had our first large scale shipment to China and supplied Re>Pal[TM] pallets to several Chinese e-commerce operators for trials.

We now have over 240 staff employed across eight countries

As sales build, the Board have slowed the pace of production capacity. This decision ensures the responsible management of the Company’s cash resources. We have the flexibility to ramp up production very quickly as demand increases.

The Board is aware of the need for prudent management of its cash and has taken onboard comments regarding this since the release of its 4C in April.

One of the strategic priorities of the Board for the remainder of 2017 will be to explore opportunities that would complement our direct sales channels. The Company's wholly owned ThermoFusion[TM] plastic recycling technology is recognised as a unique process. We have been approached by multiple parties interested in the technology, and we are exploring opportunities which may include operating partnerships and joint ventures, where we control the IP, or the application of knowhow and technology in other

RANGE INTERNATIONAL LTD ACN 611 998 200 | Level 5, 134 William Street East Sydney, NSW 2010 | www.rangeinternational.com

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jurisdictions as well as customer partnerships. We have no such proposals before us and we stress that these initiatives may take some time to implement.

We have chosen to apply our ThermoFusion[TM] technology to the pallet industry. In the past few months we have been approached about exploring alternative commercial applications of the technology. Rather than divert management’s focus away from pallet opportunities, we will use the skill sets of our Board members to investigate these opportunities.

We have also received a Pallet Life Cycle Assessment and Benchmark environmental report which scientifically verifies and records the significant environmental advantages of the Re-Pal[TM] pallet. This report is in the process of being peer reviewed and once this is complete we will share it with our customers and investors.

We have reviewed the need to supplement our small Board given the spread of geographies that we could deal in. With Stewart’s move to the UK, he will take a watching brief for Europe and the Middle East. We are well covered for the AsiaPac market but we identified that we had a gap in our knowledge in the Americas, therefore we have asked David Lee, the former CEO of Peco Pallets to join the Board. David will bring great industry knowledge and experience to the Board. I look forward to him joining the Board.

The fundamentals of this business remain as compelling as ever. We are a disruptor in an industry worth an estimated $50 billion in unit sales in 2017. The Board passionately believes in the ability of Re>Pal[TM] pallets to disrupt and complement the global pallet industry. The Board is committed to ensuring that this business meets its potential and makes a change to how people select and use both wood and plastic pallets.

I wish to thank everyone who has played a role in the early stages of Range.

This is a long journey, and we have only started to take our first steps. We have a long way to go, but with the continued commitment of our staff, my fellow Board members and the support of our shareholders, I believe that we will continue to grow and deliver on our potential.

I will now handover to Lars Amstrup, the Managing Director and Chief Executive Officer of Range International, who will take you through our achievements in more detail.

After Lars has spoken and we have worked through the formal items of business, there will be time for questions. The Items of business are:

• Item 1 – Receipt of Financial Report, Directors’ Report and Auditor’s Report

• • Item 2 – Remuneration Report

• Item 3 – Approval of the Range RAG Incentive Plan

RANGE INTERNATIONAL LTD ACN 611 998 200 | Level 5, 134 William Street East Sydney, NSW 2010 | www.rangeinternational.com

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• Item 4 – Withdrawn

• Item 5 – Re-election of Matthew Darby

• Item 6 – Constitutional amendment to allow for direct voting

Mark Daniel

Chairman

RANGE INTERNATIONAL LTD ACN 611 998 200 | Level 5, 134 William Street East Sydney, NSW 2010 | www.rangeinternational.com