Net Asset Value(s)

Ruffer Investment Company Limited
28 November 2006



                       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 Ltd         £1.209   B018CS4      24 November 2006


NB The NAV is inclusive of £0.008 revenue per share

Valuation as at date: 24 November 2006

Date: 28 November 2006

Enquiries:


Northern Trust International Fund Administration Services (Guernsey) Limited


Sean Murray                        44 (0)1481 745311


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