Net Asset Value(s)

Ruffer Investment Company Limited
23 April 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            £1.185          B018CS4       20th April 2007
          Ltd


The NAV is inclusive of £0.017 revenue per share

Valuation as at date: 20th April 2007

Date: 23th April 2007

Enquiries:


Northern Trust International Fund Administration Services (Guernsey) Limited


Sean Murray 44 (0)1481 745311



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