Net Asset Value(s)

Ruffer Investment Company Limited
13 November 2006






                       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         £1.1990      B018CS4      10 November 2006


NB The NAV is inclusive of £0.008 revenue per share
Valuation as at date: 10 November 2006
Date: 13 November 2006

Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited

Sean Murray 44 (0)1481 745311



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