RICA Ruffer Investment Company Ltd

                       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     £2.2188        B018CS4        20th March 2015


Valuation as at date: 20th March 2015
Date: 23rd March 2015

Par Value = Fair Value

NB This price is XD


Enquiries:

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