29 January 2016

                           Ruffer Investment Company Limited                       
                                                                                   
                                    (the "Company")                                
                                                                                   
                                                                                   
                                  Total Voting Rights                              

    In conformity with the FCA's Disclosure and Transparency Rules (the "Rules")
    the Company would like to notify the market of the following:

    As at 29 January 2016 the issued share capital of the Company comprises of
    155,838,416 Redeemable Participating Preference Shares.

    The total number of voting rights in the Company is therefore 155,838,416 which
    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 Rules.



    Enquiries:

    Phil Higgs
    Cenkos Securities plc
    Tel: 020 7397 1913

    Company Secretary
    Northern Trust International Fund Administration Services (Guernsey) Limited
    Tel: 01481 745001