Director/PDMR Shareholding

Ruffer Investment Company Limited

LEI: 21380068AHZKY7MKN047

Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs") and Connected Persons

1 May 2018

1.	Details of PDMR / person closely associated with them ("PCA")
a)	Name	David Staples
b)	Position / status	Non-Executive Director and PDMR of Ruffer Investment Company Limited
c)	Initial notification / amendment	Initial Notification
2.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument	Redeemable participating preference shares  GB00B018CS46
b)	Nature of the transaction	Acquisition of shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 229.48p 20,000
d)	Aggregated information Aggregated volume Price	N/A
e)	Date of the transaction	1 May 2018
f)	Place of the transaction	London Stock Exchange
g)	Currency	GBP – British Pound

Enquiries
Company Secretary

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

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