Range Resources Corp.

Authorized by Range’s board of directors an expansion of the company’s share repurchase program with $500 million available and effective immediately. This repurchase program, which is equivalent to approximately 10% of Range’s market cap, is expected to be funded with free cash flow generation. As deemed appropriate by Range management, the company may repurchase shares in the open market from time to time, or in privately negotiated transactions, in compliance with SEC rules and federal securities laws.