NEWS RELEASE Ritchie Bros. Auctioneers declares quarterly dividend

VANCOUVER, BC (January 20, 2014) - Ritchie Bros. Auctioneers Incorporated (NYSE & TSX: RBA) today announced that its Board of Directors has declared a quarterly cash dividend of US$0.13 per common share payable on March 7, 2014 to shareholders of record on February 14, 2014. This dividend will be considered an eligible dividend for Canadian income tax purposes.

About Ritchie Bros.

Established in 1958, Ritchie Bros. is the world's largest seller of used equipment for the construction, transportation, agricultural, material handling, energy, mining, forestry, marine and other industries. Ritchie Bros. solutions make it easy for the world's builders to buy and sell equipment with confidence, including the core business of unreserved public auctions and a secure online equipment marketplace. Ritchie Bros. Auctioneers® unreserved auctions are conducted live, with bidding on-site and online at rbauction.com. Ritchie Bros. Auctioneers conducts hundreds of unreserved public auctions each year, selling more equipment to on-site and online bidders than any other auction business in the world. The Ritchie Bros. EquipmentOne online marketplace can be accessed at EquipmentOne.com. Ritchie Bros. also offers a range of value-added services, including equipment financing available through Ritchie Bros. Financial Services (rbauctionfinance.com). Ritchie Bros. has operations in more than 25 countries, including 44 auction sites worldwide. Learn more at RitchieBros.com.

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For further information, please contact:

Jamie Kokoska
Investor Relations Manager
Phone: 778.331.5500
Email: ir@rbauction.com

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