29 September 2017

                           Ruffer Investment Company Limited                       
                           (LEI number 21380068AHZKY7MKN047)                       
                                    (the "Company")                                

                              ANNUAL GENERAL MEETING AND                           

                ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED 30 JUNE 2017            

    Notice is hereby given that the Thirteenth Annual General Meeting of the
    Company will be held at the offices of Northern Trust International Fund
    Administration Services (Guernsey) Limited, Trafalgar Court, Les Banques, St
    Peter Port, Guernsey GY1 3QL on 1 December 2017 at 12.00 noon.

    A copy of the Notice of Annual General Meeting and the Annual Financial Report
    for the year ended 30 June 2017 have been posted to shareholders on 29
    September 2017 and in accordance with Listing Rule 9.6.3, will shortly be
    available for inspection on the National Storage Mechanism which is located at:
    www.morningstar.co.uk/uk/NSM

    Enquiries:

    Company Secretary
    Northern Trust International Fund Administration Services (Guernsey) Limited
    Tel:       01481 745001
    Fax:      01481 745075

    Company website: www.ruffer.co.uk.