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     £2.2171        B018CS4        30th April 2015


Valuation as at date: 30th April 2015

Date: 01st May 2015

Par Value = Fair Value



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