Equipment suited to New Zealand forestry to be sold in unreserved Ritchie Bros. auction

Tuesday 15 April 2008, 9:44AM
By Ritchie Bros. Auctioneers

A large selection of equipment well suited to New Zealand forestry practices will be sold when Ritchie Bros. Auctioneers (NYSE and TSX: RBA) conducts an unreserved auction in Chemainus, British Columbia, Canada on April 22, 2008. More than 400 forestry, transportation and other equipment items will be sold to the highest bidders on auction day -- regardless of price. Among the forestry equipment that will be sold: two 2002 Madill 124 interlocking grapple yarders -- which are among the largest pieces of forestry equipment in the world, feller bunchers, processors, skidders, log loaders, log trucks, log trailers and rigging. The auction will be open to the public and completely unreserved, with no minimum bids and no reserve prices. Interested buyers can bid in person at the auction site or live over the internet using the Ritchie Bros. real-time internet bidding service, rbauctionBid-Live.

``This is a large forestry equipment auction that many New Zealanders are already interested in’’, said Jake Lawson, Ritchie Bros. Regional Manager. ``Much of the equipment being sold in this auction is well-suited to the forestry industry in New Zealand, where forestry practices are similar to those in Canada. It's rare to see so much high quality, late model forestry equipment being sold in one place, in one day. Don't miss this opportunity: register to bid in our upcoming auction, because every item will be sold on April 22.’’

The unreserved public auction starts at 8:00 a.m. PST on Tuesday, April 22. The auction site is located at 9401 Trans Canada Highway, Chemainus, B.C., Canada. Interested buyers can find more information about the auction, including details and photos of equipment being sold, on the Ritchie Bros. web site at , or they can phone the auction site (located in Canada) at +

The auction is open to the public. Registration to bid is free. Interested buyers who are unable to attend the auction in person can register to bid online, live and in real time, using the Ritchie Bros. internet bidding service, rbauctionBid-Live. Internet bidders must register online before auction day at ; at least 2-3 business days is recommended for first-time registrants.

About Ritchie Bros.

Established in 1958, Ritchie Bros. is the world's largest auctioneer of industrial equipment, operating through over 110 locations in more than 25 countries around the world. The Company 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, material handling, mining, forestry, petroleum, marine, real estate, and agricultural industries. The Company maintains a web site at