Net Asset Value(s)

Ruffer Investment Company Limited
04 March 2008




                       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            £1.317          B018CS4        29th February
          Ltd                                                        2008


Valuation as at date: 29th February 2008
Date: 3rd March 2008
NB: Price replaces that previously announced for 29th February 2008

Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited

Harry Rouillard 44 (0)1481 745315



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