Annual Information Update

Ruffer Investment Company Limited
28 October 2005


                       RUFFER INVESTMENT COMPANY LIMITED
 (a closed-ended investment company incorporated in Guernsey with registration
                                 number 41996)


28 October 2005

                           Annual Information Update


In accordance with Rule 5.2 of the Prospectus Rules, Ruffer Investment Company
Limited announces that the following information has been published or made
available to the public over the previous twelve months in compliance with laws,
rules dealing with the regulation of securities, issues of securities and
securities markets.

1. Regulatory announcements

The following UK regulatory announcements have been made by the Company via a
Regulatory Information Service over the previous twelve months: -


Date of publication              Regulatory Headline

01-Oct-04                        Net Asset Value(s)
04-Oct-04                        Net Asset Value(s)
04-Oct-04                        Portfolio Update
11-Oct-04                        Net Asset Value(s)
12-Oct-04                        Net Asset Value(s)
18-Oct-04                        Net Asset Value(s)
25-Oct-05                        Net Asset Value(s)
01-Nov-04                        Net Asset Value(s)
08-Nov-04                        Net Asset Value(s)
15-Nov-04                        Net Asset Value(s)
22-Nov-04                        Net Asset Value(s)
29-Nov-04                        Net Asset Value(s)
01-Dec-04                        Net Asset Value(s)
06-Dec-04                        Net Asset Value(s)
13-Dec-04                        Net Asset Value(s)
20-Dec-04                        Net Asset Value(s)
29-Dec-04                        Net Asset Value(s)
04-Jan-05                        Net Asset Value(s)
06-Jan-05                        Portfolio Update
10-Jan-05                        Net Asset Value(s)
17-Jan-05                        Net Asset Value(s)
24-Jan-05                        Net Asset Value(s)
31-Jan-05                        Net Asset Value(s)
01-Feb-05                        Net Asset Value(s)
07-Feb-05                        Net Asset Value(s)
15-Feb-05                        Net Asset Value(s)
21-Feb-05                        Net Asset Value(s)
24-Feb-05                        Interim Report and Accounts
28-Feb-05                        Net Asset Value(s)
01-Mar-05                        Net Asset Value(s)
07-Mar-05                        Net Asset Value(s)
14-Mar-05                        Net Asset Value(s)
21-Mar-05                        Net Asset Value(s)
22-Mar-05                        Dividend Declaration
29-Mar-05                        Net Asset Value(s)
01-Apr-05                        Net Asset Value(s)
04-Apr-05                        Net Asset Value(s)
11-Apr-05                        Net Asset Value(s)
18-Apr-05                        Net Asset Value(s)
25-Apr-05                        Net Asset Value(s)
03-May-05                        Net Asset Value(s)
10-May-05                        Net Asset Value(s)
16-May-05                        Net Asset Value(s)
23-May-05                        Net Asset Value(s)
31-May-05                        Net Asset Value(s)
01-Jun-05                        Net Asset Value(s)
06-Jun-05                        Net Asset Value(s)
13-Jun-05                        Net Asset Value(s)
20-Jun-05                        Net Asset Value(s)
23-Jun-05                        Net Asset Value(s)
27-Jun-05                        Net Asset Value(s)
05-Jul-05                        Net Asset Value(s)
11-Jul-05                        Net Asset Value(s)
14-Jul-05                        Offer for Subscription
18-Jul-05                        Net Asset Value(s)
22-Jul-05                        Portfolio Update
30-Aug-05                        Net Asset Value(s)
31-Aug-05                        Change of Name (Officers)
01-Sep-05                        Issue of Equity
01-Sep-05                        Net Asset Value(s)
05-Sep-05                        Net Asset Value(s)
12-Sep-05                        Net Asset Value(s)
19-Sep-05                        Net Asset Value(s)
23-Sep-05                        AGM Statement
26-Sep-05                        Additional Listing
26-Sep-05                        Net Asset Value(s)
29-Sep-05                        Additional Listing
29-Sep-05                        Statement re Ruffer LLP Holdings
30-Sep-05                        Additional Listing
04-Oct-05                        Net Asset Value(s)
07-Oct-05                        Investment Manager's Review
10-Oct-05                        Net Asset Value(s)
20-Oct-05                        Net Asset Value(s)
24-Oct-05                        Net Asset Value(s)
24-Oct-05                        Net Asset Value(s)

2. Documents filed with H.M. Greffier

The following documents have been filed by the Company with H.M Greffier over
the previous twelve months: -

Date of filing        Document type

31-Jan-05             Annual Return (made up to 01-Jan-05)
29-Sep-05             Extracts of the AGM & EGM Minutes dated 23-Sep-05
Amended               Articles of Association

3. Documents published and sent to shareholders

The following documents have been published by the Company and sent to
shareholders of the Company over the previous twelve months: -

Date of Publication   Document

24-Feb-05             Interim Report and Accounts for the period ended 31-Dec-04
01-Sep-05             Annual Report and Accounts for the period from 01-Jun-04
                      to 30-Jun-05
01-Sep-05             Circular to shareholders re
                      Placing and Offer for Subscription, Annual General Meeting 
                      and Extraordinary General Meeting

The information contained in the documents listed above was accurate and
up-to-date at the time of issue or publication, but some information may now be
out-of-date.

Copies of all the documents listed above are available on request from the
Company's registered office at Trafalgar Court, Les Banques, St Peter Port,
Guernsey, Channel Islands, GY1 3QL and copies of the RNS announcements can be
viewed at www.londonstockexchange.com under code RICA.

Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited

Douglas Mackay 44 (0)1481 745339


                      This information is provided by RNS
            The company news service from the London Stock Exchange