Holding(s) in Company

Ruffer Investment Company Limited
02 April 2008



                       RUFFER INVESTMENT COMPANY LIMITED

 (a closed-ended investment company incorporated in Guernsey with registration
                                 number 41996)



In accordance with Listing Rule 15.4.11, the Company announces its investments
with a value greater than 5% of the Company's total assets and its 10 largest
investments as at the last business day of March 2008.


Stock                                               Value (£)    % of total
AUSTRIA (REP OF) 3% BDS 21/8/2009 CHF5000        12,812,925.33      10.92
UK(GOVT OF) 1.25% I/L STK 22/11/17 GBP           11,666,943.54       9.94
UK(GOVT OF) 4.25% STK 07/03/2011 GBP100           8,687,720.00       7.40
USA TREASURY BDS 2.375% TIPS 15/1/25 USD1000      7,503,610.47       6.39
SWITZERLAND (GOVT) 4% BDS 08/04/2028 CHF5000      6,791,743.79       5.79
SWITZERLAND (GOVT) 1.75% NTS 05/11/09 CHF1000     6,675,497.30       5.69
UK(GOVT OF) 5% STK 07/03/2012 GBP100              6,241,200.00       5.32
LYXOR GOLD BULLION NTS USD0.00001                 4,610,314.89       3.93
SWISSCOM AG CHF1(REGD)                            4,123,059.83       3.51
NOMURA BK INTL PLC NOM PUT WT 25/6/08 (EURO ST    3,195,330.08       2.72


Date: 2nd April 2008

Enquiries:


Northern Trust International Fund Administration Services (Guernsey) Limited


Harry Rouillard 44 (0)1481 745315




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