Director Changes

Ruffer Investment Company Limited

(the “Company”)

Appointment of non-executive director

17 March 2017

The Company is pleased to announce the appointment of Jill May as non-executive director of the Company with effect from 17 March 2017.

Pursuant to section 9.6.13(1) of the UKLA Listing Rules, Mrs May holds or has held (within the previous five years) the following directorships in publicly quoted companies:

Company	Date Appointed
JPMorgan Claverhouse Investment Trust plc	1 February 2017

Mrs May (or any person that may be a connected party to Mrs May) has no beneficial interest in the shares of the Company at the date of this announcement.

There are no further details required to be disclosed pursuant to section 9.6.13 of the UKLA Listing Rules.

Enquiries
Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited
PO Box 255, Trafalgar Court
Les Banques
St Peter Port
Guernsey
GY1 3QL

 [phone]