Net Asset Value(s)

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 Ltd     £2.0900        B018CS4       07th November 2014 


Valuation as at date: 07th November 2014

Date: 10th November 2014

Par Value = Fair Value


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