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West Perth, WA 6005

ASX Announcement

13 January 2009
 

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Puntland Update

Range Resources Limited (ASX: RRS; AIM: RRL) (“Range” or “the Company”) the oil and gas explorer with assets in Puntland, Somalia, wishes to advise that following a democratic regional election held

late  last  week,  Dr.  Abdirahman  Mohamed  "Farole,"  has  been  appointed  the  fourth  President  of Puntland.  Dr. Farole, 63, won in the third round of voting by the 66-seat Puntland Parliament, which essentially functions as the region's Electoral College.

The Company congratulates the new President on his election and looks forward to continuing with the successful development of Puntland’s hydrocarbon and mineral assets.

Range believes the open and peaceful nature of the election of President Farole highlight the strong wish  of  the  Puntland  people  for  security  and  democracy  to  be  maintained  and  enhanced  in  the region.

During the official crowning ceremony in Garowe, new President Dr Farole gave special thanks to the outgoing  President  Hersi  for  the  smooth  transition  of  power  and  declared  that  former  President Hersi will become the Government’s special advisor on development issues.

Range Executive Director Peter Landau commented:

“The company has had a good working relationship with the Government of Puntland and we would very much like to continue this.  Former President Hersi’s appointment as a special advisor will assist us in maintaining the relationship” said Mr Landau.