Clarification of a previous announcement

10 February 2015

Rangers International Football Club plc

("Rangers" or the "Company")

Clarification of a previous announcement

The Company removed a statement from the Club's website last week which appeared to conflict with the Notification entitled "Credit Facility of £2 million. Withdrawal of requisition for general meeting" on the Regulatory News Service dated 27 October 2014 (the "Notification"). The Directors confirm that the Notification was not misleading, false or deceptive and did not omit anything likely to affect the import of such information, pursuant to Rule 10 of the AIM Rules.

The article on the website was trying to clarify a point of detail to the effect that, in the context of any new director's proposed appointment by MASH Holdings Limited ("MASH") to the board of Rangers Football Club Limited, the board would, in practice, have sought to ensure that such appointee satisfied all requisite regulatory (AIM and/or SFA) requirements. The MASH facility has been repaid, and the rights have now terminated in any event.

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