Directors Notification

RNS ANNOUNCEMENT                                

                       Ruffer Investment Company Limited                        

 (a closed-ended investment company incorporated with limited liability under  
              the laws of Guernsey with registered number 41996)               

                                 29 April 2015                                 

                            Directors Notification                             

In accordance with the requirements of Listing Rule 9.6.14, Ruffer Investment
Company Limited advises the following changes to directorships in other
publicly quoted companies, held by members of the Board:

Mr Ashe Windham and Ms Jeannette Etherden are non-executive directors of Miton
UK MicroCap Trust plc which will be admitted to trading on the London Stock
Exchange on 30 April 2015.

Enquiries:

Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited
Tel: [phone]