Net Asset Value(s)

Ruffer Investment Company Limited
25 February 2008






                       RUFFER INVESTMENT COMPANY LIMITED

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




       FUND NAME                NAV               SEDOL            NAV DATE
 Ruffer Investment Co            £1.293          B018CS4        22nd February
          Ltd                                                        2008


Valuation as at date: 22nd February 2008

Date: 25th February 2008

Enquiries:


Northern Trust International Fund Administration Services (Guernsey) Limited

Harry Rouillard 44 (0)1481 745315



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