Investment Manager's Review

Ruffer Investment Company Limited
09 February 2006


                       RUFFER INVESTMENT COMPANY LIMITED


The following replaces the Investment Manager's Review released on 9 February
2006 at 09.39hrs under RNS Number 1581Y.

Attached is a link to the monthly Investment Manager's review for January 2006.

http://www.rns-pdf.londonstockexchange.com/rns/2092y_-2006-2-9.pdf


Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited


Douglas Mackay                                              [phone]



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