Redemption Price and NAV

Ruffer Investment Company Limited
29 November 2007


Not for release, publication or distribution in or into the United States
Canada, Australia or Japan
29 November 2007

                       Ruffer Investment Company Limited

                      Net Asset Value and Redemption Price
                                  SEDOL B018CS

Background

The Company offered a redemption facility for up to 25 per cent. of the
Company's Shares in issue at the prevailing Net Asset Value per Share on 28
November 2007 (less the costs of redemption).

The Redemption Facility was under subscribed and redemption requests for
16,987,371 Shares of 0.01p each (16.01% of the issued Shares) were received.

The redemption requests will be satisfied in full.

The Net Asset Value per share on 28 November 2007 was :- 122.12 pence

THE REDEMPTION PRICE PER SHARE IS :- 122.02 PENCE

Accordingly, the issued share capital immediately after the Redemption Date
consists of 89,129,703 Shares with voting rights. Shareholders may use this
figure as the denominator for the calculations by which they determine whether
they are required to notify their interest in, or a change to their interest in
the Company under the FSA's Disclosure and Transparency Rules.

Expected timetable of events:

Settlement Date: payments despatched through CREST           3 December 2007
Balancing Share certificates despatched through CREST        3 December 2007
Cheques despatched by                                        7 December 2007
Balancing Share certificates despatched by                   7 December 2007

Definitions
Terms defined in the Circular have the same meaning when used herein unless the
context otherwise requires.

Enquiries:
Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited
Tel: [phone]

UBS Investment Bank
Joe Winkley
Tel: [phone]

UBS Limited is acting for the Company in connection with the redemption and no
one else and will not be responsible to anyone other than the Company for
providing the protections offered to clients of UBS Limited nor for providing
advice in relation to the redemption.




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