diff --git a/element/daterange/classes/element.php b/element/daterange/classes/element.php
index cdd49fc..830e161 100644
--- a/element/daterange/classes/element.php
+++ b/element/daterange/classes/element.php
@@ -43,6 +43,16 @@ class element extends \mod_customcert\element {
      */
     const CURRENT_YEAR_PLACEHOLDER = '{{current_year}}';
 
+    /**
+     * First year in a date range placeholder string.
+     */
+    const FIRST_YEAR_PLACEHOLDER = '{{first_year}}';
+
+    /**
+     * Last year in a date range placeholder string.
+     */
+    const LAST_YEAR_PLACEHOLDER = '{{last_year}}';
+
     /**
      * Default max number of dateranges per element.
      */
@@ -406,6 +416,7 @@ class element extends \mod_customcert\element {
      * @return string
      */
     protected function get_daterange_string($date) {
+        $rangematched = null;
         $outputstring = '';
 
         foreach ($this->get_decoded_data()->dateranges as $key => $range) {
@@ -415,6 +426,7 @@ class element extends \mod_customcert\element {
             }
 
             if ($date >= $range->startdate && $date <= $range->enddate) {
+                $rangematched = $range;
                 $outputstring = $range->datestring;
                 break;
             }
@@ -424,7 +436,7 @@ class element extends \mod_customcert\element {
             $outputstring = $this->get_decoded_data()->fallbackstring;
         }
 
-        return $this->format_date_string($outputstring);
+        return $this->format_date_string($outputstring, $rangematched);
     }
 
     /**
@@ -441,15 +453,22 @@ class element extends \mod_customcert\element {
     /**
      * Format date string.
      *
-     * @param string $datestring
+     * @param string $datestring Date string to format.
+     * @param \stdClass $range Optional range element element to process range related placeholders.
      *
      * @return string
      */
-    protected function format_date_string($datestring) {
+    protected function format_date_string($datestring, $range = null) {
         foreach ($this->get_placeholders() as $search => $replace) {
             $datestring = str_replace($search, $replace, $datestring);
         }
 
+        if ($range) {
+            foreach ($this->get_range_placeholders($range) as $search => $replace) {
+                $datestring = str_replace($search, $replace, $datestring);
+            }
+        }
+
         return $datestring;
     }
 
@@ -464,6 +483,20 @@ class element extends \mod_customcert\element {
         ];
     }
 
+    /**
+     * Return a list of range related placeholders to replace in date string as search => $replace pairs.
+     *
+     * @param \stdClass $range
+     *
+     * @return array
+     */
+    protected function get_range_placeholders(\stdClass $range) {
+        return [
+            self::FIRST_YEAR_PLACEHOLDER => date('Y', $range->startdate),
+            self::LAST_YEAR_PLACEHOLDER => date('Y', $range->enddate),
+        ];
+    }
+
     /**
      * Render the element in html.
      *
diff --git a/element/daterange/lang/en/customcertelement_daterange.php b/element/daterange/lang/en/customcertelement_daterange.php
index e84b76c..adf3d52 100644
--- a/element/daterange/lang/en/customcertelement_daterange.php
+++ b/element/daterange/lang/en/customcertelement_daterange.php
@@ -33,7 +33,7 @@ $string['dateitem_help'] = 'This will be the date that is printed on the certifi
 $string['dateranges'] = 'Dateranges';
 $string['fallbackstring'] = 'Fallback string';
 $string['fallbackstring_help'] = 'This string will be displayed if no daterange applied to a date. If Fallback string is not set, then there will be no output at all.';
-$string['help'] = 'Configure a string representation for each daterange. Set start and end dates as well as a string you would like to transform each range to. Make sure your ranges do not overlap, otherwise the first detected daterange will be applied. If no daterange applied to a date, then Fallback string will be displayed. If Fallback string is not set, then there will be no output at all. If you mark a date range as Recurring, then the configured year will not be considerred and the current year will be used. Also there is {{current_year}} placeholder that could  be used in the string representation. The placeholder will be replaced by the current year value in the certificate.';
+$string['help'] = 'Configure a string representation for each daterange. Set start and end dates as well as a string you would like to transform each range to. Make sure your ranges do not overlap, otherwise the first detected daterange will be applied. If no daterange applied to a date, then Fallback string will be displayed. If Fallback string is not set, then there will be no output at all. If you mark a date range as Recurring, then the configured year will not be considerred and the current year will be used. Also there are {{first_year}} and {{last_year}} and {{current_year}} placeholders that could  be used in the string representation. The placeholders will be replaced by first year or last year in the matched range or the current year.';
 $string['issueddate'] = 'Issued date';
 $string['maxranges'] = 'Maximum number ranges';
 $string['maxranges_desc'] = 'Set a maximum number of date ranges per each element';