Sale of a player

02 January 2015

Rangers International Football Club plc

("Rangers" or the "Company")

Sale of a player

The Board of Rangers announces that on 30 December 2014 Rangers Football Club entered into an agreement to sell a player, Lewis Macleod. The proceeds of the sale will be used for immediate working capital needs during the next few weeks while the directors, in consultation with the Company's major shareholders and third parties, seek a long term and stable financial solution for the club.

Ends

For further information please contact: