Ruffer Investment Company Limited

    Block Listing Six Monthly Return

    2 October 2017

    Name of Applicant:                        Ruffer Investment Company Limited   
                                                                                  
    Name of Scheme:                           General Corporate Purposes Scheme   
                                                                                  
    Period of Return:                         From: 21 March to 21 September 2017 
                                                                                  
    Balance of unallotted securities under    7,781,342                           
    scheme(s) from previous return:                                               
                                                                                  
    Plus: The amount by which the block       5,902,499 (granted 21 July 2017)    
    scheme(s) has been increased since the                                        
    date of the last return (if any increase                                      
    has been applied for):                                                        
                                                                                  
    Less: Number of securities issued/        7,650,000                           
    allotted under scheme(s) during period                                        
    (see LR3.5.7G):                                                               
                                                                                  
                                              =================                   
                                                                                  
    Equals: Balance under scheme(s) not yet   6,033,841                           
    issued/allotted at end of period:                                             
                                                                                  
                                              =================                   
                                                                                  
                                                                                  
                                                                                  
    Name of Contact: Company Secretary                                            
    Northern Trust International Fund                                             
    Administration Services (Guernsey)                                            
    Limited                                                                       
    Tel. 01481 745001