Net Asset Value(s)

Ruffer Investment Company Limited
10 September 2007



                       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            £1.203          B018CS4        7th September
          Ltd                                                        2007


The NAV is inclusive of £0.02 revenue per share

Valuation as at date: 7th September 2007

Date: 10th September 2007

Enquiries:
Northern Trust International Fund Administration Services (Guernsey) Limited
Harry Rouillard 44 (0)1481 745315



                      This information is provided by RNS
            The company news service from the London Stock Exchange