RANGE INTERNATIONAL LIMITED — Board/Management Information 2017

Sep 5, 2017

ASX Announcement (ASX:RAN)

6 September 2017

Range Board appoints Mr Jon Guyett as CEO

recycled plastic pallets, is pleased to announce the conclusion of its comprehensive search for a new Chief Executive Officer with the appointment of Mr Jon Guyett to the role. Mr appointment is expected to commence from 11 October 2017.

Mr Guyett has extensive experience working throughout Asia in the manufacturing and supply chain sectors having been based in Asia for the last eight years, most recently as Global VP Marketing and Business Development at Hayco Group, a manufacturer of high quality plastic devices. Prior to that he was a member of group management at DKSH, where he held senior regional Business Unit and global Supply Chain Management positions.

Prior to coming to Asia, Mr Guyett spent seven years based in the USA in a number of roles including Global Logistics Practice Leader with ICG Commerce (now Accenture), and before that as President of a logistics start-up. He was formerly Head of Global Logistics at GE Energy and prior to that he worked with DHL Express Logistics in various general management, business development, key account management and logistics operations leadership roles around the world.

Mr Guyett has over 25 years of executive experience both at board and senior leadership levels. His functional skills span general management, supply chain, manufacturing, sales and client management.

Mr Guyett will not become a director of the Company in the short term. This will allow him to focus on the immediate needs of the business.

Announcing appointment, Cha I welcome Jon to the team. He has a strong understanding of market and customer needs and a long track record of success in the manufacturing and supply chain sector. He is a valuable addition to the team to drive the business forward at a time when we are building significant momentum across our key markets. I am confident that with Jon at the helm,

Jon Guyett, CEO de to join Range International. It is a company with enormous potential and I very much look forward to leading the company

CV and a summary of the material terms of his executive service agreement are attached.

Mark Daniel Chair/Interim CEO

About Range International:

make plastic pallets from 100% recycled plastic at a price that is competitive with wood pallets. Range currently has production lines operating in Indonesia and sells its pallets under on network.

Media: media@rangeinternational.com Investor Relations: investors@rangeinternational.com

Curriculum Vitae of new CEO

Jonathan GUYETT Current Location: Hong Kong

Education

• • Manchester Business School UK (1996)
• B.Eng. Honors, Production Engineering Coventry Polytechnic UK (1989)

Senior Executive Roles

2016 - Current	HAYCO - Vice President Marketing & Business Development (Hong Kong)
2015-2016	DKSH - Co-Head, Business Unit Consumer Goods (Hong Kong)
2014-2015	DKSH - Head Supply Chain Management (Thailand)
2010-2014	DKSH - Vice President Corporate Supply Chain (Thailand)
2009-2010	ICG Commerce - Global Logistics Practice Leader (USA)
2007-2009	Eggs Overnight - President (USA)
2005-2007	GE Energy - Global Logistics Center of Excellence Leader (USA)
2004-2005	DHL Supply Chain - Vice President Sales & Marketing Americas (USA)
2003-2004	DHL Express - Logistics Business Director Americas (USA)
2001-2002	DHL Express - Logistics Business Director EMEA (Belgium)
2000-2001	DHL Express - Global Account Support Group Manager EMEA (Belgium)
1999-1999	DHL Express - Logistics Center Manager Asia Pacific (Singapore)
1997-1999	DHL Express - Logistics Operations Development Manager Asia Pacific(Hong Kong)

Career Profile

A seasoned Executive General Manager and Board Member with over within the Manufacturing, Engineering, Transportation and 3PL Logistics sectors supporting Supply Chain Solutions in Manufacturing, Technology, Energy, and E- Commerce Fulfilment.

Experienced in all facets of business including Strategic General Management, Operational Management, Financial Management, Corporate Governance, Sales, Marketing, Strategic Account Management and Business Development with responsibility of up to 7000 team members and responsible for revenues exceeding $4 Billion.

Material Terms of Employment Agreement between Jonathan Guyett and Range International for the Role of CEO

Commencement date as CEO	11 October 2017 or a later date by agreement, as MrGuyettdiscussions with his current employerregarding his release date are ongoing.
Term	No fixed term. Ongoing until terminated by either partyin accordance with the agreement.
Total Fixed Remuneration	US$400,000pa gross base salary plus superannuationcontributions to comply with any relevant localgovernment superannuation ordinance or similarlegislation.
Compensation for incentivesforgone	In recognition of previous incentives foregone, MrGuyett will receive a payment of US$250,000 within 7days of commencement and on commencement, aPlan (Options).
	If Mr Guyett resigns, or the Company terminates Mrthe payment referred to above, Mr Guyett will berequired to repay the payment on a pro-rated basis,that is, in proportion with the unserved portion of the24 month period.
	Each Option represents a right to receive one ordinaryshare in the capital of the Company at an exerciseprice of A$0.30 per Option subject to the Plan Rules.
	The Options will vest as follows:
	(a)1,200,000 Options on the second anniversary ofthe grant dateaverage share price over the 30 days prior to thesecond anniversary is equal to or more thanA$1.00 per share; and
	(b)800,000 Options on the third anniversary of thegrant dateaverage share price over the 30 days prior to the3rd anniversary is equal to or more than A$1.50per share,

	provided Mr Guyett has been continuously engagedand has not resigned or been terminated at all timesfrom the grant date.
	Subject to the ASX Listing Rules and the Companyobtaining all necessary approvals from shareholders (ifany),employment without cause, a pro-rated portion of anyunvested Options will be subject to acceleratedvesting to the extent that the applicable share pricerelated performance condition has been satisfied as atthe date of termination.
	The Options will expire on the sixth (6th) anniversary ofthe grant date of the options.
Incentives	The Company may, in its absolute discretion, offer MrGuyett incentives in the form of cash and/or equityPlan which was approved by shareholders at theor suchother Company incentive plan as may be approved by
	Subject to the Corporations Act 2001, the ASX ListingRules, any other applicable laws and regulations andthe Company obtaining all necessary approvals fromshareholders (if any), all incentives offered to MrGuyett will include terms relating to partial acceleratedvesting in the event Mremployment isterminated by the Company without cause.
Notice	Six months by either party.
Termination entitlements	The Company may elect to pay Mr Guyett in lieu ofany unserved notice period.
Post-employment restraint	A 12 month restraint provision applies.