Dividend Announcement

25 September 2014

                      Ruffer Investment Company Limited

                               (the "Company")

Re: Dividend Announcement

The Directors of Ruffer Investment Company Limited have declared that an
interim dividend will be payable in respect of the year ended 30 June 2014 as
follows:

    Ex Date                        01 October 2014
    Record Date                    03 October 2014
    Pay Date                       24 October 2014
    Dividend per Share             1.70 pence (Sterling)

All Enquiries:
Fraser Hiddelston
Northern Trust International Fund Administration Services (Guernsey) Limited
PO Box 255
Trafalgar Court
Les Banques
St PeterPort
Guernsey
GY1 3QL

Tel: [phone]