Net Asset Value(s)

Ruffer Investment Company Limited
10 April 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        £1.234      B018CS4       07 April 2006

 N.B. The NAV is inclusive of £0.007 revenue per share.


This price is Ex Dividend

Valuation as at date: 07 April 2006


Date: 10 April 2006


Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited
Sean Murray 44 (0)1481 745311






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