Ritchie Bros. to hold more than 60 unreserved agricultural auctions in 37 days

Auctions in the next six weeks will feature farming equipment from hundreds of owners across Canada

VANCOUVER, March 19, 2014 /CNW/ - Ritchie Bros. Auctioneers (NYSE andTSX: RBA), the world's largest auctioneer of farm, construction and other equipment, will conduct more than 60 unreserved public agricultural auctions in Canada in March and April 2014. Four auctions feature equipment from multiple sellers—Saskatoon, SK (March 25); Lethbridge, AB (March 27); Regina, SK (April 7); and Grande Prairie, AB (April 9 - 10). Ritchie Bros. will also conduct more than 60 on-the-farm auctions from B.C. to Manitoba. Bids can be placed in the unreserved public auctions on-site, online in real time at rbauction.com and by proxy.

"The demand for equipment and farmland is as strong as it's ever been," said Simon Wallan, Vice President of Agricultural Sales in Canada, Ritchie Bros. Auctioneers. "While some farmers are looking to retire or downsize, many more are looking to upgrade their fleets and increase the size of their farm. Our job is to provide a fair, open and honest marketplace that's easy for both buyers and sellers. With more than 60 auctions in 37 days there will be a wide variety of equipment and farmland for buyers to choose from. Interested bidders should visit rbauction.com today to check out everything that's available."

Equipment will be sold for hundreds of owners in the upcoming Canadian agricultural auctions, including a land lease and a large selection of equipment for Louac Farms Ltd., based in Osler, SK.

"We will be selling tractors, combines, swathers and sprayers, along with a selection of trucks and other farm equipment—all of the equipment is late model and well-maintained," said Kyle Klassen, owner of Louac Farms Ltd. "I've sold with Ritchie Bros. in the past and for me it all comes down to exposure. Ritchie Bros. advertising reaches a global market and their online bidding makes it easy for the world to bid on my equipment. With the Canadian dollar being down right now, I expect the upcoming Canadian auctions will attract a lot of international bidders."

Four large, unreserved public agricultural auctions:

• SASKATOON, SK (March 25 at 8 am) - Featuring more than 1,700 agricultural and industrial equipment items, including a large selection of truck tractors and trailers, 55 agricultural tractors, 20+ air drills, 10 combines, as well as commercial and residential agricultural real estate and more.
• Location: Hwy 12 North & Cory Road, Site 412 Box 260 RR4, Saskatoon, SK     
• Contact: +1.306.933.9333
• LETHBRIDGE, AB (March 27 at 9 am) - Featuring more than 600 agricultural and industrial equipment items, three large packages of agricultural real estate, as well as commercial real estate and more.
• Location: Hwy 4 & Hwy 508, Lethbridge, AB
• Contact: +1.403.327.4933
• REGINA, SK (April 7 at 9 am) - Featuring more than 550 equipment items, including agricultural tractors, grain trucks, a large selection of grain handling equipment and more.
• Location: Hwy 39 (¼ mile West of Rouleau), Rouleau, SK
• Contact: +1.306.776.2397
• GRANDE PRAIRIE, AB (April 9 & 10 at 8 am each day) - Featuring more than 1,600 agricultural and industrial equipment items, as well as a large selection of commercial and residential agricultural and industrial real estate.
• Location: 721076 Range Road 51, Grande Prairie, AB
• Contact: +1.780.538.1100

More than 60 on-the-farm auction events from B.C. to Manitoba:
Starting March 21, Ritchie Bros. Auctioneers will take its full-service, professional auctions from farm-to-farm all across Western and Central Canada with more than 60 on-the-farm auctions. With each auction, Ritchie Bros. will set up on an owner's farm and sell their equipment. Some of these auctions also include livestock and real estate (farmland, recreational, residential and grazing lease).

For complete details on all upcoming Ritchie Bros. agricultural auctions, including detailed equipment information and high-resolution photos of equipment being sold, visit the Company's website at www.rbauction.com.

About Ritchie Bros.
Established in 1958, Ritchie Bros. (NYSE andTSX: RBA) is the world's largest seller of used equipment for the construction, transportation, agriculture, material handling, energy, mining, forestry, marine and other industries. Ritchie Bros. ^TM solutions make it easy for the world's builders to buy and sell equipment with confidence, including live unreserved public auctions with on-site and online bidding (rbauction.com), the EquipmentOne^TM secure online marketplace (EquipmentOne.com), a professional corporate asset management program, and a range of value-added services, including equipment financing for customers through Ritchie Bros. Financial Services (rbauctionfinance.com). Ritchie Bros. has operations in more than 25 countries, including 44 auction sites worldwide. Learn more at RitchieBros.com.

Forward looking statements
This press release may contain forward-looking information. Such forward looking information involves material assumptions, risks and uncertainties, certain of which are beyond the control of Ritchie Bros. Such assumptions, risks and uncertainties include, without limitation, factors influencing the supply of and demand for used equipment, fluctuations in market conditions and values of used equipment, seasonal and periodic variations in operating results, actions of competitors, the success of the Company's new initiatives, economic and other conditions in local, regional and global markets, and other risks and uncertainties as detailed from time to time in the Company's securities filings. Ritchie Bros.' actual achievements could differ materially from those expressed in, or implied by, this forward-looking information and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking information will transpire or occur. Any forward-looking information is made as at the date of this press release and Ritchie Bros. does not undertake any obligation to update publicly or to revise any of the included forward-looking information, except as may be required by applicable securities laws.

ATTENTION MEDIA: Photos and other media resources are available for use at http://www.rbauction.com/media. Members of the public and the media can follow Ritchie Bros. on Twitter @RitchieBros.

SOURCE: Ritchie Bros. Auctioneers

Ian Malinski, Corporate Communications Lead, Ritchie Bros. Auctioneers
Phone: [phone] or email [email protected]

Or

Simon Wallan, Vice President, Sales, Ritchie Bros. Auctioneers
Phone: [phone]