RANGE INTERNATIONAL LIMITED — Capital/Financing Update 2019

Dec 5, 2019

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ASX Announcement

(ASX:RAN)

6 December 2019

Share Purchase Plan

Range International Limited (‘Range International’ or ‘Company’), manufacturer of Re>Pal™ recycled plastic pallets, is pleased to advise that Share Purchase Plan (SPP) offer documents will be dispatched to all eligible shareholders today.

Copies of these documents follow this announcement. The SPP offer documents are also available on Range International’s website.

This announcement has been authorised for release by the Board.

Kim Bradley-Ware Company Secretary

About Range International:

Range is a manufacturer of plastic pallets, trading as Re>Pal™. Our ThermoFusion™ technology allows Re>Pal™ to make ‘zero waste’, 100% recycled and recyclable plastic.

Range currently has production lines operating in its East Java factory in Indonesia and sells its pallets under the brand Re>Pal™, supplying pallets into Indonesia and across Asia/ globally.

For more information about this announcement please contact:

Stephen Bowhill sb@rangeinternational.com or +61403852734 Media: media@rangeinternational.com Investor Relations: investors@rangeinternational.com

RANGE INTERNATIONAL LTD ACN 611 998 200 | Level 12, 680 George Street Sydney, NSW 2000 | www.rangeinternational.com

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SHARE PURCHASE PLAN

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This is an important document offering eligible shareholders the opportunity to apply to purchase up to $30,000[1 ] of Range International Limited ( Range ) ordinary shares without paying brokerage or transaction costs. If you are unsure what to do please contact your professional adviser.

If you have any questions about the Range Share Purchase Plan ( SPP ) after reading this document, place call the Registry information line on 1300 795 998 (callers within Australia) or +61 1300 795 998 (callers outside Australia). The distribution of this document (including electronic copies) outside Australia and New Zealand may be restricted by law.

1. A reference to $ in this document means Australian currency.

SPP KEY DATES*

Y DATES*
EVENT	DATE
Record Date	7.00pm (AEDT) Wednesday, 4 December 2019
SPP opens	Friday, 6 December 2019
SPP closes	5.00pm (AEDT) Monday, 6 January 2020
Allotment of New Shares	Tuesday, 14 January 2020
Dispatch of holding statements	Wednesday, 15 January 2020
New Shares issued under the SPP expected to commence trading	Wednesday, 15 January 2020

* Range reserves its right to vary the dates (even if the offer has been opened or BPAY payments or Application Forms have been received) by making an announcement to the ASX.

This document does not provide financial advice and has been prepared without taking into account your particular objectives, financial situation or needs. You should obtain independent legal, financial or taxation advice before deciding to participate in the SPP.

The laws of some countries prohibit or make impracticable participation in the SPP by certain overseas Range shareholders. Range has determined that it is not practical to permit shareholders who are not resident in Australia or New Zealand to participate in the SPP.

New Shares are not being offered or sold to retail investors within New Zealand other than to existing shareholders of Range with registered addresses in New Zealand to whom the offer of New Shares is being made in reliance on the Financial Markets Conduct (Incidental Offers) Exemption Notice 2016.

This document has not been registered, filed with or approved by any New Zealand regulatory authority under the Financial Markets Conduct Act 2013 (New Zealand). This document is not a product disclosure statement under New Zealand law and is not required to, and may not, contain all the information that a product disclosure statement under New Zealand law is required to contain.

This document does not constitute an offer of securities, or a solicitation of an offer to buy securities, in the United States or to, or for the account or benefit of, any person in the United States and may not be sent or disseminated in, directly or indirectly, the United States. New Shares have not been, and will not be, registered under the US Securities Act of 1933, as amended ( US Securities Act ), or the securities laws of any state or other jurisdiction of the United States and may not be offered, sold or otherwise transferred in the United States or to, or for the benefit of, any person in the United States except in compliance with the registration requirements of the US Securities Act and any applicable state securities laws or pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the US Securities Act and applicable state securities laws. The New Shares may only be offered and sold in Australia and New Zealand ("offshore transactions" as defined in Regulation S under the US Securities Act ( Regulation S )) in compliance with Regulation S.

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6 December 2019

Dear Shareholder

Range International Limited - Share Purchase Plan

On 5 December 2019, Range announced a conditional placement to professional and sophisticated investors ( Placement ) and the Range Share Purchase Plan ( SPP ).

On behalf of the directors of Range International Limited ( Range ), I am pleased to offer eligible shareholders the opportunity to participate in the SPP. The SPP allows eligible shareholders to purchase up to $30,000 worth of new fully paid ordinary shares in Range ( New Shares ) subject to discretionary scale back without brokerage or transaction costs.

The net proceeds of the Placement and the SPP will be used to:

• support the growth of Range’s pallet business including ramping up sales and marketing efforts and further expanding Range’s production capacity; and

• provide general working capital including for the funding of capital equipment.

Participation in the SPP is optional and is open to Range shareholders who are holders of shares in Range at 7.00pm (AEDT) on Wednesday, 4 December 2019 ( Record Date ) and whose registered address is in Australia or New Zealand provided that such shareholder is not in the United States or acting for the account or benefit of a person in the United States ( Eligible Shareholders ). Eligible Shareholders who are custodians for certain eligible beneficiaries will also be invited to participate in the SPP on the terms and conditions set out in this letter.

Your right to participate in the SPP is not transferable.

The issue price for each New Share will be the same as the issue price under the Placement of $0.015 per share which represents a 16.67% discount to the last close of $0.018 per share as at Monday, 2 December 2019. The closing price per share on Wednesday, 4 December 2019 was $0.018.

Under the SPP, Eligible Shareholders may elect to apply for up to $30,000 worth of New Shares. The minimum application under the SPP is $1,500. Applications under the SPP can only be made for one of the following amounts (subject to a discretionary scale back):

• $1,500;

• $2,500;

• $5,000;

• $7,500

• $10,000;

• $15,000; or

• $30,000;

Range does not intend to scale back any applications under the SPP unless required to in order to comply with the ASX Listing Rules or if demand for participation materially exceeds Range's current expectation.

You may only apply for a maximum amount of $30,000 worth of New Shares. If you have multiple holdings and you make applications for each of your registered holdings of Range shares, the total of all your applications must not exceed $30,000. Range reserves the right to decline applications from multiple registered holdings if the total exceeds $30,000, including where those registered holdings are in similar but not identical names, are directly or indirectly held or are held

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alone or with others.

Range reserves the right to scale back applications in its absolute and sole discretion. Range may take into account, among other factors, the size of an applicant's shareholding in determining the amount (if any) by which to scale back that applicant's application. Should this occur, you may be allocated New Shares to a value which is less than the parcel for which you applied and the difference will be refunded to you without interest.

Full details of the SPP are set out in the enclosed Terms and Conditions and Application Form.

The SPP opens on Friday, 6 December 2019. To apply for New Shares under the SPP, Eligible Shareholders may either:

• complete and return the enclosed Application Form in accordance with the details on the form, together with a cheque, bank draft or money order drawn on an Australian bank in Australian dollars; or

• pay directly via BPAY[2 ] on the internet or by telephone (for shareholders with an eligible Australian bank account only).

Application Forms must be received by Range's share registry, or a BPAY payment must be received, by no later than 5.00pm (AEDT) on Monday, 6 January 2020.

The SPP does not take into account the individual investment objectives, financial situation, tax position or particular needs of each Eligible Shareholder. You should consider seeking independent financial and taxation advice before making a decision as to whether or not to accept the offer.

I encourage you to read and consider carefully the enclosed Terms and Conditions.

If you have any questions, please contact the Range International Limited SPP Offer Information Line on 1300 795 998 (if calling within Australia) or +61 1300 795 998 (if calling from overseas).

Yours sincerely

Richard Jenkins Chairman

1. Registered to BPAY Pty Ltd ABN 69 079 137 518.

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RANGE INTERNATIONAL LIMITED SHARE PURCHASE PLAN TERMS AND CONDITIONS

Eligible Shareholders have the opportunity to participate in the Range Share Purchase Plan offer ( SPP ) by subscribing for up to $30,000 of new fully paid ordinary shares in Range ( New Shares ) without incurring brokerage or transaction costs. Details of this offer and how to participate are set out below.

1. ARE YOU AN ELIGIBLE SHAREHOLDER?

• (a) If you are registered as a holder of Range ordinary shares at 7.00pm (AEDT) on Wednesday, 4 November 2019 ( Record Date ) and your registered address is in Australia or New Zealand, you will be eligible to participate in the SPP and an Eligible Shareholder unless you are acting for the account or benefit of a "U.S. Person" ( U.S. Person ) as defined in Regulation S under the US Securities Act of 1933, as amended ( Securities Act ). Range has reasonably determined that it is not practical for holders of Range shares with registered addresses in jurisdictions outside Australia or New Zealand to participate in the SPP. To the extent that you hold shares on behalf of another person resident outside Australia and New Zealand, it is your responsibility to ensure that any acceptance complies with all applicable foreign laws. The SPP does not constitute an offer of shares for sale in any other jurisdiction.

• (b) The SPP is also being offered to Eligible Shareholders who are custodians or nominees of certain eligible beneficiaries on the terms and conditions provided herein.

The Directors who are Eligible Shareholders may participate in the SPP.

2. PARTICIPATION BY ELIGIBLE SHAREHOLDERS

Single Holders

If you are the only registered holder of a holding of Range shares, but you receive more than one offer under the SPP (for example, due to multiple registered holdings), you may only apply for one maximum parcel of New Shares with an aggregate value of no more than $30,000.

Joint Holders

If you are recorded with one or more other persons as the joint holder of a holding of Range shares, that joint holding is considered to be a single registered holding for the purpose of the SPP, and the joint holders are entitled to participate in the SPP in respect of that single holding only. If the same joint holders receive more than one offer under the SPP due to multiple registered holdings, the joint holders may only apply for one maximum parcel of New Shares.

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Custodians and Downstream Custodians

If you are a custodian within the definition of "custodian" in ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547 (Custodian) and hold Range shares on behalf of one or more persons (each aParticipating Beneficiary), or on behalf of a "downstream custodian" within the definition of ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547 who holds the beneficial interest in Range shares on behalf of a Participating Beneficiary, you may apply for up to a maximum of $30,000 worth of New Shares for each Participating Beneficiary, subject to providing a notice in writing to Range certifying the matters set out in paragraph 8(3) of ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547.

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3. PARTICIPATION IS OPTIONAL

Participation in the SPP is entirely optional (subject to the eligibility criteria set out in section 1 above). The offer to acquire New Shares is not a recommendation. If you are in any doubt about the SPP, or as to whether you should participate in the SPP or how participation will affect you, you should consider seeking independent financial and taxation advice before making a decision as to whether or not to accept this offer.

4. MINIMUM SUBSCRIPTION

The SPP is conditional on a minimum of $1,000,000 being raised collectively under the SPP and the Placement ( Minimum Subscription ). If the Minimum Subscription is not raised, then Range will withdraw the SPP. Once the SPP is withdrawn all application monies will be refunded. No interest will be paid on any money returned to you.

5. RISKS ASSOCIATED WITH PARTICIPATING IN THE SPP

• (a) You should note that the Range share price may rise or fall between the Record Date, the date of this offer, the date on which you make a BPAY payment or send in an Application Form and the date when New Shares are allotted and issued to you under the SPP. This means that the price you pay per New Share pursuant to this offer may be either higher or lower than Range share price, up to or after the date the New Shares are issued and allotted to you under the SPP and you therefore may be able to buy shares at a lower price on market than the issue price.

• (b) Range recommends that you monitor the Range share price and any Range announcements, which can be found on the Range website at www.rangeinternational.com or on the ASX website at www.asx.com.au (ASX code: RAN). The Range share price can also be found in the financial pages of major Australian metropolitan newspapers.

• (c) Prudent liquidity risk management implies maintaining sufficient cash and marketable securities, the availability of funding through an adequate amount of committed credit facilities and the ability to close out market positions. Range manages liquidity risk by continuously monitoring forecast and actual cash flows and matching the maturity profiles of financial assets and liabilities. However, if a funding shortfall materialises, Range may need to raise substantial additional short-term or long-term debt or equity or consider asset sales. Range’s capacity to secure the requisite level of funding at the appropriate time will depend on the amount of funding required, the performance and future prospects of its business and a number of other factors, including interest rates, economic conditions, debt market conditions and equity market conditions prevailing at that time. There is no assurance that the required funding (either via debt or equity) can be secured at all or on reasonable terms, which may require Range to consider asset sales or alternative sources of funding.

• (d) Range encourages you to contact your professional adviser regarding whether or not to participate in the SPP and how much to contribute.

6. OFFER PRICE

Under the SPP, Eligible Shareholders have an opportunity to subscribe for up to $30,000 worth of New Shares at an offer price $0.015 per share which represents a 16.67% discount to the last close of $0.018 per share as at Wednesday, 4 November 2019.

7. HOW MUCH CAN YOU INVEST?

• (a) Under the SPP, you may apply for a parcel of New Shares from a minimum of

$1,500 and after that, $2,500, $5,000, $7,500, 10,000, $15,000 and $30,000. The $30,000 limit applies irrespective of the number of Range shares you hold on the Record Date.

In the absence of a scale back, the number of New Shares issued to an applicant will be rounded up or down to the nearest whole number after dividing the application monies by the issue price of the New Shares.

• (b) The offer under the SPP needs to comply with the conditions of ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547. Under that instrument, eligible shareholders may only acquire up to a maximum of $30,000 worth of Range shares under a share purchase plan or similar plan in any 12 month period (except in certain circumstances described in "Participation by Eligible Shareholders" above).

• (c) This limitation applies, for example, even if you receive more than one Application Form or if you hold Range shares in more than one capacity, for example, if you are both a sole and joint holder of Range shares. Please refer to the information under "Participation by Eligible Shareholders" in section 2 above.

• (d) Range reserves the right, and in certain circumstances may be required by ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547 or other conditions, to reject any application for New Shares under the SPP to the extent it considers, or is reasonably satisfied, that the application (whether alone or in conjunction with other applications) does not comply with these requirements.

APPLICATIONS MAY BE SCALED BACK

• (a) Range reserves the right to scale back applications in its absolute and sole discretion. Range may take into account, among other factors, the size of an applicant's shareholding in determining the amount (if any) by which to scale back that applicant's application. Should this occur, you may be allocated New Shares to a value which is less than the parcel for which you applied.

• (b) If a scale back produces a fractional number when applied to the parcel of New Shares you applied for, the number of New Shares you will be allotted will be rounded up or down to the nearest whole number and any difference will be refunded to you without interest.

• (c) Any application monies refunded by Range under a scale back will be paid by cheque or direct credit (the payment method will be determined by Range in its absolute discretion) in Australian currency, on the date that holding statements are dispatched under the SPP, expected to be Wednesday, 15 January 2020. By applying for New Shares, each shareholder authorises Range to pay any monies to be refunded by using the payment instructions of the shareholder recorded in Range share registry’s records, if Range should elect to pay in this manner.

9.

CALCULATION OF THE NUMBER OF NEW SHARES TO BE ISSUED TO YOU

In the absence of a scale back, and subject to the treatment of non-compliant applications described under "General Application Terms" in section 17 below, the number of New Shares to be issued to you will be calculated by dividing the aggregate application money that you pay in applying for New Shares by the issue price, then rounding up or down to the nearest whole number. For example, in the absence of a scale back, if you subscribe $30,000 for New Shares and the offer price is $0.015 per New Share, you will be allotted 2,000,000 New Shares.

10. NON-RENOUNCEABLE OFFER

The offer to subscribe for New Shares under the SPP is non-renounceable. This means that you cannot transfer your right to subscribe for New Shares under the offer to anyone else.

11. NO BROKERAGE

No brokerage is payable by you to Range in respect of the acquisition of New Shares under the SPP.

12. RANKING OF NEW SHARES

• (a) All New Shares issued under the SPP will rank equally with existing Range ordinary shares from the date of issue, and therefore will carry the same voting rights, dividend rights and other entitlements as existing Range ordinary shares.

• (b) Range will apply for New Shares issued under the SPP to be quoted on the ASX.

13. ASIC CORPORATIONS (SHARE AND INTEREST PURCHASE PLANS) INSTRUMENT 2019/547 COMPLIANCE

This offer of New Shares under the SPP is made in accordance with the requirements of ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547. That Instrument grants relief from the requirement to prepare a prospectus for the offer of shares under the SPP.

14. BINDING TERMS

By accepting the offer to purchase New Shares under the SPP, you agree to be bound by these Terms and Conditions and Range constitution.

15. HOW TO APPLY

If you are an Eligible Shareholder and would like to apply for New Shares under the SPP, you can either:

• (a) complete the Application Form and, together with a cheque, bank draft or money order for the relevant amount, forward it to our share registry; or

• (b) make a BPAY payment.

Please see below for details.

16. FOR PAYMENT BY CHEQUE, BANK DRAFT OR MONEY ORDER

Eligible Shareholders must complete the enclosed Application Form and return it together with a cheque, bank draft or money order made payable to "Range International Limited - SPP A/C" drawn on an Australian bank and in Australian dollars for the correct amount, in the enclosed reply-paid envelope (New Zealand shareholders will need to affix the appropriate postage stamp) so that it is received prior to the close of the offer at 5:00pm (AEDT) on Monday, 6 January 2020 at:

Range International Limited

C/- Link Market Limited

GPO Box 3560

Sydney NSW 2001

17. APPLYING BY BPAY PAYMENT

Eligible Shareholders who wish to pay by BPAY, must follow the instructions on the Application Form so that it is received by Range share registry by no later than 5.00pm (AEDT) on Monday, 6 January 2020 . Your personalised Application Form carries the Biller Code and your unique reference number, which you must use to take up the offer.

Applicants using BPAY should be aware that their own financial institution may implement earlier cut off times with regards to electronic payment, and should therefore take this into consideration when making payment. It is the responsibility of the applicant to ensure that funds submitted through BPAY are received by this time.

If you make your payment using BPAY, you do not need to return your Application Form.

18. GENERAL APPLICATION TERMS

• (a) Do not forward cash. Receipts for payment will not be issued. Range reserves the right not to accept Application Forms or BPAY payments received after 5:00pm (AEDT) on Monday, 6 January 2020.

• (b) Applications may only be made for parcels of New Shares in the amounts of a minimum of $1,500, and after that, $2,500, $5,000, $7,500, $10,000, $15,000 and $30,000 (subject to the discretionary scale back). If the amount of the payment tendered with your Application Form or your BPAY payment is:

• (i) less than $1,500 - Range will not allot any New Shares to you and will refund your application money to you, without interest payable to you;

• (ii) greater than $30,000 - subject to scale back, Range will allot the maximum number of New Shares to you and will refund the excess application money to you, without interest payable to you; or

• (iii) not in the relevant subscription amount permitted under the SPP - subject to scale back, Range will allot to you the number of New Shares that would have been allotted had you applied for the highest amount you were permitted to apply for that is less than the amount of your cheque or BPAY payment, and will refund the excess application money to you, without interest payable to you.

• (c) Application Forms must be received by Range share registry and BPAY payments must be received by no later than 5.00pm (AEDT) Monday, 6 January 2020. Application Forms and BPAY payments received after that time will not be accepted.

• (d) Application Forms and BPAY payments under the SPP may not be withdrawn once they have been received by Range. No interest will be payable on application money held by Range.

• (e) Please read the enclosed Application Form for further details of how to apply for New Shares under the SPP.

19.

REPRESENTATIONS

By submitting a BPAY payment or completing or returning an Application Form, you represent on your own behalf and on behalf of each person on whose account you are acting that:

• (a) you are an Eligible Shareholder;

• (b) you irrevocably and unconditionally agree to these Terms and Conditions and the terms of the Application Form and agree not to do any act or thing which would be contrary to the spirit, intention or purpose of the SPP;

• (c) warrant that all details and statements in your application are true and complete and not misleading;

• (d) agree that your application will be irrevocable and unconditional;

• (e) the aggregate of the application price paid by you for:

• (i) the New Shares the subject of your Application Form or BPAY payment; and

• (ii) any other shares in Range applied for by you under the SPP or any similar share purchase plan arrangement operated by Range in the 12 months prior to the date of submission of the Application Form or BPAY payment; and

• (iii) any other New Shares which you have instructed a Custodian to acquire on your behalf under the SPP; and

• (iv) any other Range shares issued to a Custodian in the 12 months before the application as a result of an instruction given by you to the Custodian or another custodian to apply for shares on your behalf under an arrangement similar to the SPP, and which resulted in you holding the beneficial interest in those shares,

does not exceed $30,000, unless you are applying as a Custodian for one or more Participating Beneficiaries and have provided Range with the Custodian Certificate referred to under "Participation by Eligible Shareholders" in section 2 above.

• (f) acknowledge that no interest will be paid on any application monies held pending the issue of New Shares or subsequently refunded to you for any reason;

• (g) you acknowledge that the New Shares have not, and will not be, registered under the Securities Act or the securities laws of any state or other jurisdictions in the United States, or in any other jurisdiction outside Australia or New Zealand and accordingly, New Shares may not be offered, sold or otherwise transferred except in accordance with an available exemption from, or a transaction not subject to, the registration requirements of the Securities Act and any other applicable securities laws;

• (h) acknowledge that Range may at any time irrevocably determine that your application is valid, in accordance with the terms and conditions of the SPP, even if the Application Form is incomplete, contains errors or is otherwise defective;

• (i) acknowledge that Range may in its discretion undertake a scale-back of applications for New Shares to the extent and in the manner it sees fit. If there is a scale-back you may receive less than the parcel of New Shares for which you have applied;

• (j) you have not, and will not, send any materials relating to the SPP to any person in the United States or that is, or is acting for the account or benefit of, a U.S. Person;

• (k) you acknowledge that you have not been provided with investment advice or financial product advice by Range or Link Investor Services Pty Limited and that neither of them has any obligation to provide this advice in relation to your consideration as to whether or not to purchase Range shares; and

• (l) you acknowledge that the market price of Range shares may rise or fall between the date of this offer and the date the New Shares are allotted to you under the SPP (the Allotment Date ) and that the issue price you pay for the New Shares may exceed the market price of the Range shares on the Allotment Date.

• ALLOTMENT AND QUOTATION DATES

• (a) New Shares are expected to be allotted under the SPP on Tuesday, 14 January 2020 and Range will apply for those New Shares to be listed for quotation on ASX on Tuesday, 14 January 2020 .

• (b) Range expects to dispatch a holding statement or confirmation advice in respect of

the New Shares allotted to you under the SPP on Wednesday, 15 January 2020. You should confirm your holding before trading in any New Shares you believe have been allotted to you under the SPP.

21.

UNDERWRITING

The SPP will not be underwritten.

22.

WITHDRAWAL, SUSPENSION, TERMINATION, ANOMALIES AND DISPUTES

• (a) Range reserves the right to waive strict compliance with any provision of these Terms and Conditions, to amend or vary these Terms and Conditions and to suspend or terminate the SPP at any time. Any such amendment, variation, suspension or termination will be binding on all Eligible Shareholders even where Range does not notify you of that event.

• (b) Range may make determinations in any manner it thinks fit, including in relation to any difficulties, anomalies or disputes which may arise in connection with or by reason of the operation of the SPP, whether generally or in relation to any participant or application. Any determination by Range will be conclusive and binding on all Eligible Shareholders and other persons to whom the determination relates.

• (c) In the event that the SPP is withdrawn or terminated all application monies will be refunded. No interest will be paid on any money returned to you.

• (d) Range rights may be exercised by the Board or any delegate of the Board.

23.

FURTHER INFORMATION

If you have any questions, please contact Range share registry, Link Market Services, on 1300 795 798 (if calling within Australia) or +61 1300 795 998 (if calling from overseas).

24.

PRIVACY

Chapter 2C of the Corporations Act requires information about you as shareholder (including your name, address and details of the securities you hold) to be included in the public register of the entity in which you hold securities. This information must continue to be included in the public register if you cease to be a securityholder.

By receiving completed Application Forms, the Company collects personal information about Shareholders. The Company will use this information for the purposes of processing the Application Form and updating the records of the Company. To the extent restricted by law, the Company will not disclose personal information about a Shareholder to a third party. To the extent permitted by law, Shareholders are able to access, upon request, personal information about them by the Company.

25.

GOVERNING LAW

These terms and conditions are governed by the laws in force in New South Wales. Any dispute arising out of, or in connection with, these terms and conditions, or the SPP offer, will be determined by the courts of New South Wales. By accepting the SPP offer, you agree to submit to the non-exclusive jurisdiction of the courts in New South Wales. Other terms and conditions, rights and obligations of SPP shares are contained in the constitution of Range. The terms and conditions of the SPP prevail to the extent of any inconsistency with the Application Form.

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ABN 22 611 998 200

All Registry communications to: Link Market Services Limited Locked Bag A14 Sydney South NSW 1235 Australia Telephone: 1300 795 998 From outside Australia: +61 1300 795 998

ASX Code: RAN

Website: www.linkmarketservices.com.au

SRN/HIN:

Entitlement Number: Record Date: 4 December 2019 Offer Opens: 6 December 2019 Offer Closes 5:00pm (AEDT): 6 January 2020

SHARE PURCHASE PLAN (“SPP”) APPLICATION FORM

How do I apply for Shares under this offer?

• Carefully read the SPP Terms and Conditions accompanying this form.

• Decide on the amount you wish to apply for.

• Pay for the Shares in accordance with the instructions outlined in the Terms and Conditions Booklet and further important instructions on the reverse of this form. Option 1: Paying by Bpay[®] .

Option 2: Paying by Cheque, Bank Draft or Money Order.

• Payments must be in Australian dollars.

PAYMENT OPTIONS

Option 1: Paying by Bpay[®]

Option 2: Paying by Cheque, Bank Draft or Money Order If paying by cheque, bank draft or money order, complete and return the Acceptance Slip attached to this Application Form with your Application Payment.

If paying by Bpay[®] , you do NOT need to complete or return the Acceptance Slip attached to this Application Form below. Payment must be received by the Registry by Bpay[®] by 5:00pm (AEDT) on 6 January 2020. By paying by Bpay[®] , you will be deemed to have completed an Application Form for the number of Shares the subject of your Application Payment.

A. Tick the box beside the amount you wish to apply for, either A$1,500, A$2,500, A$5,000, A$7,500, A$10,000, A$15,000 or A$30,000.

B. Enter your cheque, bank draft or money order details. The amount of your Application Payment should be equal to the amount applied for in section A of the Acceptance Slip. Cheques, bank drafts or money orders must be drawn on an Australian branch of a financial institution in Australian currency, made payable to “Range International Limited” and crossed “Not Negotiable”. Please ensure sufficient cleared funds are held in your account, as your cheque will be banked as soon as it is received. If you provide a cheque, bank draft or money order for an amount that is not equal to either A$1,500, A$2,500, A$5,000, A$7,500, A$10,000, A$15,000 or A$30,000, Range International Limited may round down the dollar amount of Shares that you are applying for to the next lowest parcel at their discretion. Your payment must be for a minimum of A$1,500.

If you make a payment by Bpay[®] and Range International Limited receives an amount which is not equal to either A$1,500, A$2,500, A$5,000, A$7,500, A$10,000, A$15,000 or A$30,000, Range International Limited may round down the dollar amount of Shares that you are applying for to the next lowest parcel at their discretion. Your payment must be for a minimum of A$1,500.

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Biller Code: 309872 Ref:

Telephone & Internet Banking – Bpay[®] Contact your bank or financial institution to make this payment from your cheque, savings, debit or transaction account. More info: www.bpay.com.au

• C. Enter your contact telephone number at which we may contact you regarding your application for Shares, if necessary.

® Registered to Bpay Pty Ltd ABN 69 079 137 518 THIS IS A PERSONALISED FORM FOR THE SOLE USE OF THE SHAREHOLDER AND HOLDING RECORDED ABOVE.

Please detach and enclose with payment

SRN/HIN: Entitlement Number: ABN 22 611 998 200 999999 A I/we wish to purchase a parcel of Shares to the dollar amount of (tick one box only): A$1,500 OR A$2,500 OR A$5,000 OR A$7,500 OR A$10,000 OR A$15,000 OR A$30,000 B Make your cheque, bank draft or money order payable to “Range International Limited” and crossed “Not Negotiable” Drawer Cheque Number BSB Number Account Number Amount of Cheque A$ .00 C Telephone Number – Business Hours Telephone Number – After Hours Contact Name ( ) ( )

999999

IMPORTANT INFORMATION

1. This is an important document which requires your immediate attention. If you are in any doubt as to how to deal with this Application Form, please consult a professional adviser.

2. If you do not wish to purchase additional Shares under this SPP, there is no need to take action.

3. Please ensure you have read and understood the SPP Terms and Conditions and this Important Information, before you make the Application Payment by Bpay[®] or you submit your Acceptance Slip with your Application Payment.

4. This SPP is non-renounceable. Applications can only be accepted in the name printed on the Application Form.

5. If you are a custodian, trustee or nominee within the definition of “custodian” in ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547 you must complete and submit an additional Schedule that contains additional certifications and details that must be provided (“the Schedule”) before your Application will be received. The Schedule can be obtained by contacting the Range International Limited SPP Offer Information Line. Applications received by custodians that are not accompanied by the Schedule will be rejected.

6. For applicants that are not required to complete the Schedule, by submitting the Acceptance Slip (with a cheque, bank draft or money order) or making payment by Bpay[®] , you certify that the aggregate of the Application Payment paid by you for:

7. the parcel of New Shares indicated on this Application Form or Bpay[®] payment; and

8. any other Shares applied for by you, or which you have instructed a Custodian to acquire on your behalf under the SPP or any other similar arrangement in the 12 months prior to the date of submission of the Acceptance Slip or payment by Bpay[®] does not exceed A$30,000.

9. Range International Limited reserves the right to make amendments to this Application Form where appropriate.

10. Applicants are not assured of receiving the Shares for which they have applied as Range International Limited may scaleback applications in its discretion.

How to Lodge your Acceptance Slip and Application Payment

A reply paid envelope is enclosed for you to return your Acceptance Slip and Application Payment. No postage stamp is required if it is posted in Australia. Acceptance Slip and the payment for New Shares must be received by the Registry no later than the closing date shown overleaf. If paying by Bpay[®] you do not need to complete or return the Application Form. You should check the processing cut off-time for Bpay[®] transactions with your bank, credit union or building society to ensure your payment will be received by the Registry by the close of the offer.

Mailing Address or Hand Delivery Range International Limited Range International Limited C/- Link Market Services Limited C/- Link Market Services Limited GPO Box 3560 1A Homebush Bay Drive Sydney NSW 2001 Rhodes NSW 2138 (Please do not use this address for mailing purposes)

Make sure you send your Acceptance Slip and Application Payment allowing enough time for mail delivery, so Link Market Services Limited receives them no later than 5:00pm (AEDT) on 6 January 2020. Please ensure sufficient cleared funds are held in your account, as your cheque will be banked as soon as it is received. Range International Limited reserves the right not to process any Acceptance Slips and Application Payments received after the Closing Date.

If you require information on how to complete this Acceptance Slip please contact the Range International Limited SPP Offer Information Line on 1300 795 998 if calling within Australia or +61 1300 795 998 if calling from outside of Australia.