Net Asset Value(s)

Ruffer Investment Company Limited
29 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         £1.207          B018CS4      26th October 2007
          Ltd                                                        


The NAV is inclusive of £0.01 revenue per share

Valuation as at date: 26th October 2007
Date: 29th October 2007

Enquiries:
Northern Trust International Fund Administration Services (Guernsey) Limited
Harry Rouillard 44 (0)1481 745315



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