Dividend Declaration

25 February 2015

                       Ruffer Investment Company Limited                       

                                (the "Company")                                

                           Re: Dividend Announcement                           

The Directors of Ruffer Investment Company Limited have declared that an
interim dividend will be payable in respect of the year ended 30 June 2015
as follows:

Ex Date               05 March 2015
Record Date           06 March 2015
Pay Date              27 March 2015
Dividend per Share    1.70 pence (Sterling)


All Enquiries:

Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited
PO Box 255
Trafalgar Court
Les Banques
St Peter Port
Guernsey
GY1 3QL

Tel: [phone]