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     £2.1973        B018CS4        31st March 2015

Valuation as at date: 31st March 2015

Date: 1st April 2015

Par Value = Fair Value

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