Investment Managers Review

Ruffer Investment Company Limited
14 June 2006


                       RUFFER INVESTMENT COMPANY LIMITED

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


Paste the following link into your web browser to download the PDF document 
related to this announcement: 

http://www.rns-pdf.londonstockexchange.com/rns/5864e_-2006-6-14.pdf


Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited

Douglas Mackay [phone]



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