Director Declaration

Ruffer Investment Company Limited
27 December 2006


RUFFER INVESTMENT COMPANY LIMITED

27 December 2006

In accordance with the requirements of Listing Rule 9.6.14, Ruffer Investment
Company Limited advises the following change to a directorship in another
publicly quoted company, held by a member of the Board:

Christopher Spencer is a member of the Board of Henderson Far East Income
Limited, which was admitted to listing on the UK Listing Authority (UKLA) on 18
December 2006.


The Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited
Trafalgar Court
Les Banques
St Peter Port
Guernsey
GY1 3QL

Tel: [phone]
Fax: [phone]

END




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