Net Asset Value(s)

Ruffer Investment Company Limited
01 October 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         £1.204             B018CS4        28th September
          Ltd                                                        2007


The NAV is inclusive of £0.01 revenue per share
NB: Please not that this stock went XD on 26th September 2007
Valuation as at date: 28th September 2007
Date: 1st October 2007
Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited

Harry Rouillard 44 (0)1481 745315



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