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Press release from CNW Group

Ritchie Bros. to sell more than 390 truck tractors over six days in Eastern Canada

Monday, November 28, 2011

Ritchie Bros. to sell more than 390 truck tractors over six days in Eastern Canada09:00 EST Monday, November 28, 2011Auctions in Montreal, QC and Toronto, ON feature 140+ Freightliner, 115+ International, 30+ Peterbilt and 20+ Kenworth truck tractorsTORONTO, Nov. 28, 2011 /CNW/ - Ritchie Bros. Auctioneers (NYSE and TSX: RBA), the world's largest industrial auctioneer, will sell more than 390 truck tractors at separate unreserved public equipment auctions in Montreal, QC (December 1 - 2, 2011) and Toronto, ON (December 5 - 6). A huge selection of other trucks, trailers and heavy equipment items will also be sold—more than 2,400 items in the Montreal auction and more than 2,000 in the Toronto auction. Among the items being sold in Toronto: two Bell Jet Ranger 206B helicopters. Every item will be sold to the highest bidder on auction day—regardless of price—with no minimum bids or reserve prices. Bidders can bid in person at the auction sites, online in real time at www.rbauction.com, or by proxy."We've sold more than 850 truck tractors in Montreal and Toronto so far this year, but it's not often that we sell close to 400 at the two sites in less than a week," said Jake Lawson, Divisional Manager, Ritchie Bros. Auctioneers. "The large selection of late model truck tractors and other transportation equipment featured in these two auctions will certainly include something for any truck buyer—whether they are looking to purchase a single truck or an entire fleet of trucks and trailers."Truck tractor highlights include:60+ Freightliner CL120 truck tractors (available in Montreal & Toronto)50+ International 9200I truck tractors (Toronto)45+ Freightliner CST120 truck tractors (Montreal & Toronto)30+ International 9400I truck tractors (Montreal)Both auctions also feature hundreds of other transportation items, including:190+ van trucks160+ van trailers80+ equipment trailers140+ pickup trucksIn total, Ritchie Bros. will sell more than 550 truck tractors at six upcoming auctions in Canada—in Saskatoon, SK (Nov. 30); Montreal, QC (Dec. 1 & 2); Toronto, ON (Dec. 5 & 6); Edmonton, AB (Dec. 7 & 8); Chilliwack, BC (Dec. 13); and Truro, NS (Dec. 14). So far in 2011, Ritchie Bros. has sold close to 2,000 truck tractors in Canada alone; more than 7,000 worldwide.Other equipment to be sold in the Montreal auction includes a 2010 Caterpillar 385CL hydraulic excavator (15+ hydraulic excavators will be sold in total), a 2011 Volvo L220F wheel loader (25+ wheel loaders in total), a 2006 Caterpillar D10T crawler tractor (20+ crawler tractors in total), seven 2010 Volvo A35E 6x6 articulated dump trucks (15 articulated dump trucks in total) and more.Other equipment to be sold in the Toronto auction includes a 2011 Caterpillar 966H wheel loader (30+ wheel loaders in total), a 2011 Caterpillar D6T XW crawler tractor (20+ crawler tractors in total), a 2011 Caterpillar 336EL hydraulic excavator, nine late model John Deere 350 DLC hydraulic excavators (35+ hydraulic excavators in total) and more.Detailed equipment information and auction details for all upcoming auctions are available on Ritchie Bros.' 21-language website: www.rbauction.com.Montreal auction details:Date & time: Thursday, December 1 to Friday, December 2, 2011 (starting at 8 a.m. each day)Location: 1373 Rue Briere, Mont Saint Hilaire, QC, J3H 6E9Interested buyers or sellers can call: +1.450.464.2888 or toll free +1.800.363.6617Toronto auction details:Date & time: Monday, December 5 to Tuesday, December 6, 2011 (starting at 8:00 a.m. each day)Location: 3 Manchester Court, Bolton, ON, L7E 2Y1Interested buyers or sellers can call: +1.905.857.2422 or toll free +1.800.357.0659General auction details:Open to the public; registration to bid is freeInterested buyers can register and bid in one of three ways:In person - visit the auction site to register to bid in person; photo I.D. is required.Online at www.rbauction.com - Online bidders must register online before auction day; at least 2-3 business days is recommended for first-time bidders; bid online in real time on auction dayBy proxy - phone the auction site to place bids in advanceDetailed equipment information and high-resolution photos are available at www.rbauction,com. Equipment can be inspected on-site during regular business hours leading up to the auctions.About Ritchie Bros. Established in 1958, Ritchie Bros. Auctioneers (NYSE and TSX: RBA) is the world's largest industrial auctioneer, selling more equipment to on-site and online bidders than any other company in the world. Ritchie Bros. offers services that enable the world's builders to easily and confidently exchange equipment. The Company conducts hundreds of unreserved public auctions each year, selling a broad range of used and unused heavy equipment, trucks and other assets utilized in the construction, transportation, agricultural, material handling, mining, forestry, petroleum and marine industries. Ritchie Bros. has over 110 locations in more than 25 countries, including 43 auction sites worldwide. The Company maintains a website at www.rbauction.com and sponsors an equipment wiki at www.RitchieWiki.com.PHOTOS FOR MEDIA USE: High-resolution photos can be downloaded for use from www.rbauction.com/photos.Follow Ritchie Bros. on Twitter: www.twitter.com/RitchieBros.For further information: Vicki Cunningham, Supervisor, Corporate Communications, Ritchie Bros. Auctioneers Phone: +1.778.331.5464 or email vcunningham@rbauction.com Or Jake Lawson, Divisional Manager, Ritchie Bros. Auctioneers Phone: +1.905.951.4577 or email jlawson@rbauction.com