Issue of Equity

RNS Number : 9062D

Ruffer Investment Company Limited

10 December 2009

Ruffer Investment Company Limited

(the "Company")

Issue of Equity and Voting Rights

The Company announces the allotment on 10 December 2009 of 400,000 Redeemable Participating Preference Shares of £0.01 each ("Shares").

Following this tap issue the company has the ability to issue 7,662,969 Shares under its block listing facility.

There are now 90,379,703 Shares in issue. Therefore, the total number of voting rights in the Company is 90,379,703

The above figure (90,379,703) may be used by shareholders as the denominator for the calculations by which they will determine if 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.