Holding(s) in Company

RNS Number : 4140I

Ruffer Investment Company Limited

18 November 2008

TR-1: notification of major interests in shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:	Ruffer Investment RED PTG Pref 0.01p ISIN: GB00B018CS46
2. Reason for the notification (please tick the appropriate box or boxes)
An acquisition or disposal of voting rights		x
An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An event changing the breakdown of voting rights
Other (please specify):___________________________________________
3. Full name of person(s) subject to the notification obligation:	Investec Asset Management Ltd
4. Full name of shareholder(s) (if different from 3.):
5. Date of the transaction (and date on which the threshold is crossed or reached if different):	11.11.08
6. Date on which issuer notified:	12.11.08
7. Threshold(s) that is/are crossed or reached:	13%
8. Notified details:

A: Voting rights attached to shares
Class/type of shares if possible using the ISIN CODE	Situation previous to the Triggering transaction		Resulting situation after the triggering transaction
	Number of Shares	Number of Voting Rights viii	Number of shares	Number of voting rights ix		% of voting rights
			Indirect	Direct x	Indirect xi	Direct	Indirect
Red Ptg Preference 0.01p GB00B018CS46	13,858,410	13,858,410	13,752,141		13,752,141		12.9592%

B: Financial Instruments
Resulting situation after the triggering transaction xii
Type of financial instrument	Expiration date xiii	Exercise/ Conversion Period/ Date xiv	Number of voting rights that may be acquired if the instrument is exercised/ converted.	% of voting rights

Total (A+B)

Number of voting rights

% of voting rights

13,752,141

12.9592%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable xv:

Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights: