Range Resources : Issue of Cleansing Prospectus

('Range' or 'the Company')

9 June 2015

Range advises that it has today lodged with the Australian Securities and Investments Commission a cleansing prospectus ('Prospectus') in compliance with section 708A(11) of the Corporations Act 2001, in relation to the capital raising announced on 29 May 2015.

The principal purpose of the prospectus is to remove any trading restrictions that may have attached, or may attach, to shares issued by the Company prior to the closing date.

A copy of the Prospectus is attached to this announcement and is also available on the Company's

website www.rangeresources.co.uk.

Range Resources Limited

Evgenia Bezruchko (Investor Relations)

e.admin@rangeresources.co.uk

t. +44 (0)20 7025 7040

Cantor Fitzgerald Europe (Nominated Advisor and Broker)

David Porter / Sarah Wharry (Corporate Finance) Richard Redmayne (Corporate Broking)

t. +44 (0)20 7894 7000

RANGE RESOURCES LIMITED ACN 002 522 099

PROSPECTUS

For an offer of 10,000 Shares to raise up to $100

111702 (486729)

Mr David Yu Chen (Non-executive Chairman) Mr Yan Liu (Chief Executive Officer)
Mr Zhiwei Gu (Non-executive director)
Miss Juan Wang (Non-executive director)

BDO Audit (WA) Pty Ltd
38 Station Street
Subiaco WA 6008

Ms Sara Kelly
Mr Nicholas Beattie

Computershare Investor Services Pty Ltd

Ground Floor, BGC Centre
28 The Esplanade
Perth WA 6000
Australia

Computershare Investor Services plc

Suite 1A, Prince's House
38 Jermyn Street
London SW1Y 6DN

Australian Stock Exchange (ASX)
Alternative Investment Market of the London Stock
Exchange (AIM)

www.rangeresources.co.uk
ASX Code: RRS
AIM Code: RRL

Australia

This Prospectus is dated 9 June 2015 and a copy of this Prospectus was lodged with ASIC on 9 June 2015. The expiry date of the Prospectus is 9 June 2016 and no securities will be allotted, issued or sold on the basis of this Prospectus after this expiry date.
This Prospectus is for an offer of continuously quoted securities and accordingly is not required by the

Corporations Act to contain all the information which is normally required to be set out in a document of this type.

The Prospectus incorporates by reference information contained in documents that have been lodged with ASIC. A document incorporated into the Prospectus in this manner may be obtained free of charge from the Company during the application period.
ASIC does not take any responsibility for the contents of this Prospectus. Neither ASIC, ASX, the Company and its directors guarantee any particular rate of return or the performance of the Company.
No person is authorised to give any information or to make any representation in connection with this Prospectus that is not contained in this Prospectus. Any information or representation not so contained may not be relied on as having been authorised by the Company in connection with the Offer.
It is important that you read this Prospectus carefully before deciding whether or not to accept the Offer described in the Prospectus and in particular, you should consider the risk factors that could affect the financial performance of the Company.
A number of words used in this Prospectus have defined meanings. Those terms are capitalised and are explained in the Glossary at the back of the Prospectus.

Timetable and important dates*

* The Company reserves the right to extend the Closing Date or close the Offer early without notice.

1.1 Overview of Offer
The Company intends to offer 10,000 Shares to the value of $100 at an issue price of 1 cent per Share. The rights and liabilities applicable to the Shares are set out in Section 3 of this Prospectus.
1.2 Purpose of Offer
The purpose of the Offer is to:
(a) raise funds for working capital;
(b) enable Shares issued without disclosure pursuant to Part 6D.2 of the Corporations Act to Beijing Sibo Investment Management LP prior to the date of this Prospectus to be sold without disclosure pursuant to Part 6D.2.
1.3 Use of Funds
The funds raised from this Offer will be used for working capital.
1.4 Proposed Capital Structure
The following table sets out details of the capital structure of the Company upon completion of the Offer, assuming that the Offer is fully subscribed for.

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1.5 ASX Listing
Application for quotation by ASX of the Shares offered by this Prospectus will be made as soon as possible after the date of this Prospectus but in any event within 7 days after the date of this
Prospectus.
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1.6 Opening and Closing Dates
The Company will accept Application Forms until 5.00pm WST on 9 June 2015 or such other date as the Directors in their absolute discretion shall determine, subject to the requirements of the Listing Rules.

2.1 Overview
The Shares offered under this Prospectus are considered speculative. Activities of Range Resources are subject to a number of risks and other factors which may impact its future performance. Some of these risks can be mitigated by the use of safeguards and appropriate controls, however, many are outside the control of Range Resources and cannot be mitigated. There are also general risks associated with any investment in shares. Hence, investors should be aware that the performance of Range Resources may be affected and the value of its Shares may rise or fall over any given period. The Directors recommend that investors speak to their financial, legal or other advisor about these risks before making a decision to invest in the Shares.
The following summary, whilst not exhaustive, represents some of the major risk factors which potential investors need to be aware of.
2.2 General risks
An investment in the Company involves general risks associated with any investment in shares of companies that are listed on a stock exchange. Many factors affect the financial performance of Range Resources and/or the price of its Shares. General risk factors include:

A number of factors affect the performance of stockmarket investments that could also affect the price at which shares trade on the ASX and AIM. Movements on international stock- markets, local interest rates and exchange rates, domestic and international economic conditions, as well as government taxation and other policy changes may affect the stock- market.

The Company is listed on the ASX in Australia and AIM in the United Kingdom and has operations in the Americas, Africa and Europe. The Company's exploration and development activities in these regions are subject to extensive laws and regulations relating to numerous matters including resource licence consent, conditions including environmental compliance and rehabilitation, taxation, employee relations, health and worker safety, waste disposal, protection of the environment, native title and heritage matters, protection of endangered and protected species and other matters. The Company requires permits from regulatory authorities to authorise the Company's operations. These permits relate to exploration, development, production and rehabilitation activities.
Obtaining necessary permits can be a time consuming process and there is a risk that Company will not obtain these permits on acceptable terms, in a timely manner or at all. The costs and delays associated with obtaining necessary permits and complying with these permits and applicable laws and regulations could materially delay or restrict the Company from proceeding with the development of a project.
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Economic conditions, both domestic and global, may affect the performance of the Company. The Company's future possible revenue and share price can be affected by these conditions all of which are beyond the control of the Company and the Directors. In addition, the Company's ability to raise additional capital, should it be required, may be affected.

The Company is exposed to possible litigation risks including, tenure disputes, environmental claims, occupational health and safety claims and employee claims. Further, the Company may be involved in disputes with other parties in the future which may result in litigation. Any such claim or dispute if proven, may impact adversely on the Company's operations, financial performance and financial position. Please refer to section 4.5 for details of current litigation.

An act of terrorism or an outbreak of international hostilities may occur, adversely affecting consumer confidence, customer spending and share market performance. This may have an adverse impact on Range Resources' operating, financial and share price performance.

A substantial amount of Range Resources' properties and operations are located in Trinidad
and Tobago.
Possible sovereign risks associated with operating in Trinidad and Tobago include, without limitation, changes in the terms of legislation, changes to royalty arrangements, changes to taxation rates and concessions and changes in the ability to enforce legal rights. Any of these factors may, in the future, adversely affect the financial performance of the Company and the market price of its shares.
No assurance can be given regarding future stability in Trinidad and Tobago or any other country in which the Company may, in the future, have an interest.
2.3 Specific risks

The Company is listed on the ASX in Australia and AIM in the United Kingdom. Trading of the
Company securities on AIM was suspended from 11 December 2014 and on ASX from
12 December 2014 until 8 June 2015 and 9 June 2015 respectively. Whilst the Company's shares have now been reinstated to trading no certainty can be provided that there will be a liquid market for shares in the Company.

The Company's performance is substantially dependent on its senior management and key technical personnel to continue to develop and manage the Company's services. The loss of key management could have a material adverse effect on the business and consequently its financial performance.
The future success of the Company is also dependent on its ability to attract and retain competent management and personnel. The inability to attract such personnel may adversely affect the business of the Company.

The Company's ability to explore for and develop oil and gas reserves is dependent on its ability to generate and otherwise access capital to fund these activities. The Company will require
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further funding through equity or debt financing, joint ventures, production sharing arrangements, asset disposals or other means. Failure to obtain sufficient financing for the Company's activities and future projects may result in delay and indefinite postponement of exploration, development or production on the Company's properties or even loss of a property interest.
Any additional equity financing will dilute shareholdings, and debt financing, may involve restrictions on business strategy and financing and operating activities.

Estimating oil and gas reserves involves subjective judgements and determinations based on geological, technical, contractual and economic information.
Estimates which were valid when originally calculated may alter significantly when new information or techniques become available. In addition, by their very nature, resource estimates are imprecise and depend to some extent on interpretations, which may prove to be inaccurate. As further information becomes available through additional fieldwork and analysis, the estimates are likely to change. This may result in alterations to development and mining plans which may, in turn, adversely affect the Company's operations.

There is a significant element of technical risk in exploring for and developing oil and gas fields.
Exploration activities are inherently uncertain in their outcome. Failure to discover hydrocarbons in commercially viable quantities could have a material adverse effect on the Company's business.

Exploration, development and production of oil and gas involve risks which may impact the health and safety of personnel, the community and the environment.
Failure to manage these risks could result in injury or loss of life, damage or destruction of property, and damage to the environment.

The Company's revenues, profitability, cash flows and rate of growth are significantly impacted by prevailing oil prices. Crude prices are affected by numerous and complex worldwide factors beyond the Company's control, including international supply and demand, the level of consumer product demand, weather conditions, the price and availability of alternative fuels, actions taken by governments and international cartels, and global economic and political developments.

The Auditors of the Company have provided a qualified opinion in the most recent full year accounts and a qualified conclusion in the most recent half year financial statements. This is due to their inability to obtain sufficient evidence to support the carrying value of the Company's investment in Strait Oil & Gas. Should there be any subsequent amendment required to the value of this asset it would result in an impairment and reduction in net assets.
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The rights attaching to ownership of the Shares to be issued pursuant to this Prospectus are detailed in the Constitution of the Company, which may be inspected during normal business hours at the Company's registered office. Set out below is a summary of the rights, liabilities, privileges and restrictions that will attach to the Shares.
(a) Voting
At a general meeting, every holder of Range Resources Shares present in person or by proxy, attorney or representative will have one vote on a show of hands and on a poll, one vote for each Range Resources Share held.
(b) General Meeting
Each holder of Range Resources Shares is entitled to receive notice of, and to attend and vote at general meetings of the Company and receive all financial statements, notices and other documents required to be sent to members under the Constitution or the Corporations Act.
(c) Dividends
The profits of the Company which the directors from time to time may determine by way of dividend are divisible amongst the members in proportion to the amounts paid up on the shares held by them.
(d) Issue of further Range Resources Shares
The directors may (subject to the restrictions on the allotment of shares imposed by the Constitution, ASX listing rules and the Corporations Act) allot further Range Resources Shares on such terms and conditions as they see fit and issue preference shares on the terms set out in the Constitution.
(e) Transfers of Range Resources Shares
Holders of Range Resources Shares may transfer them by a proper transfer effected in accordance with the ASTC Settlement Rules and the ASX and as otherwise permitted by the Corporations Act.
The directors may decline to register a transfer of Range Resources Shares where the transfer is not in registrable form or where the refusal to register the transfer is permitted under the ASX Listing Rules. If the directors decline to register a transfer the Company must give the party lodging the transfer written notice of the refusal and the reason for refusal.
(f) Winding Up
Holder of Range Resources Shares will be entitled, in a winding up of the Company to share in any surplus assets of the Company in proportion to the Range Resources Shares held by them.
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4.1 Interests of Directors
Other than set out below or elsewhere in this Prospectus:
(a) No director of the Company has, or has had in the 2 years before lodgement of this
Prospectus, any interest in:
(i) the formation or promotion of the Company; or
(ii) in any property acquired or proposed to be acquired by the Company in connection with its formation or promotion, or the Offer; or
(iii) the Offer.
(b) No amount, has been paid or agreed to be paid to any director of the Company either to induce him to become, or to qualify as a director, or otherwise for services rendered by him in connection with:
(i) the promotion or formation of the Company; or
(ii) the Offer.

Directors are not required under the Constitution to hold any shares in the Company.
At the date of this Prospectus, directors of the Company have relevant interests in the following securities in the Company:

The Constitution of the Company provides that the directors are entitled to such remuneration as the directors determine, but the remuneration of non-executive directors must not exceed in aggregate a maximum amount fixed by the Company in general meeting for that purpose. The current maximum is $350,000.

The executive director of the Company (the Company's CEO) is remunerated on commercial terms appropriate to his experience and role in the Company.
4.2 Interests of Named Parties
Other than as set out below or elsewhere in this Prospectus:
(a) No person named in the Prospectus as performing a function in a professional advisory or other capacity in connection with the preparation or distribution of the Prospectus or as underwriter has, or has had in the 2 years before lodgement of this Prospectus, any
interest in the:
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