Net Asset Value(s)

Ruffer Investment Company Limited
12 November 2007



                       RUFFER INVESTMENT COMPANY LIMITED

 (a closed-ended investment company incorporated in Guernsey with registration
                                 number 41996)



FUND NAME                    NAV        SEDOL        NAV DATE

Ruffer Investment Co Ltd       £1.221   B018CS4      9th November 2007


The NAV is inclusive of £0.01 revenue per share

Valuation as at date: 9th November 2007

Date: 12th November 2007

Enquiries:


Northern Trust International Fund Administration Services (Guernsey) Limited


Harry Rouillard                   44 (0)1481 745315


                      This information is provided by RNS
            The company news service from the London Stock Exchange