Ritchie Bros. Auctioneers announces dividend declaration

    NYSE:RBA
    TSX:RBA

    VANCOUVER, Jan. 28 /CNW/ - Ritchie Bros. Auctioneers Incorporated
(NYSE:RBA; TSX:RBA) today announced that its Board of Directors has declared a
quarterly cash dividend of US$0.24 per common share payable on March 14, 2008
to shareholders of record on February 22, 2008. This dividend will be
considered an eligible dividend for Canadian income tax purposes.

    About Ritchie Bros.
    -------------------
    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 www.rbauction.com.

    %SEDAR: 00010198E

For further information: Jeremy Black, Corporate Secretary, Ritchie
Bros. Auctioneers Tel: (604) 273-7564, Email: ir@rbauction.com