Investment Managers Review

Ruffer Investment Company Limited
19 July 2006


                       RUFFER INVESTMENT COMPANY LIMITED


Attached is a link to the monthly Investment Manager's review for June 2006.

http://www.rns-pdf.londonstockexchange.com/rns/4647g_-2006-7-19.pdf


Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited

Douglas Mackay [phone]



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