Ritchie Bros to hold Grand Opening auction at Medford

Ritchie Bros. Auctioneers , the world’s largest industrial auctioneer, will celebrate the Grand Opening of its new permanent auction site in Medford just outside Minneapolis with an unreserved industrial and agricultural auction on March 19, 2009 starting at approximately 8:00 a.m. The unreserved auction is expected to draw both local and international bidders to bid on hundreds of different equipment items. At 10:30 a.m. on auction day, Ritchie Bros. will hold a ribbon-cutting ceremony with Owatonna Mayor Thomas Kuntz and Medford Mayor Danny Thomas. The new Minneapolis 120-acre auction site (70 developed acres) is one of 20 auction sites Ritchie Bros. currently operates in the United States.

WHO: Nick Nicholson, Senior Vice President, Ritchie Bros. Auctioneers Andy Artley, Regional Manager, Ritchie Bros. Auctioneers Owatonna Mayor Thomas Kuntz, Medford Mayor Danny Thomas WHAT: Grand Opening auction and ribbon-cutting ceremony for Ritchie Bros.’ Minneapolis auction site WHEN: Thursday, March 19, 2009 8:00 a.m. auction start time Approx. 10:30 a.m. ribbon-cutting ceremony WHERE: Ritchie Bros. Auctioneers’ Minneapolis auction site 6000 Frontage Rd. W., Medford, MN 55049 Site Tel: 507.774.5050 DIRECTIONS TO AUCTION SITE: From the MPLS/St. Paul International Airport, follow Highway 494 West to 35W South. Proceed on 35W South for approximately 52 miles to Exit 45. Go west on NW 46th Street. Go north on Frontage Rd. W. The Ritchie Bros. auction site will be on the left side.

About Ritchie Bros.

Established in 1958, Ritchie Bros. Auctioneers is the world’s largest industrial auctioneer, selling more equipment to on-site and online bidders than any other company in the world. The Company has over 110 locations in more than 25 countries, including 38 auction sites worldwide. Ritchie Bros. sells, through unreserved public auctions, a broad range of used and unused industrial assets, including equipment, trucks and other assets utilized in the construction, transportation, agricultural, material handling, mining, forestry, petroleum and marine industries. The Company maintains a web site at www.rbauction.com and sponsors an equipment wiki at www.RitchieWiki.com.