Transaction in Own Shares - Replacement

25th February 2025

The following amendments have been made to the Transaction in Own Shares announcement released on 25/02/2025 at 07:00 under RNS No 2816Y.

Number of Shares in Issue and Total Shares held in Treasury

All other details remain unchanged.

The full amended text is shown below.

RUFFER INVESTMENT COMPANY LIMITED

(a closed-ended investment company incorporated in Guernsey with registration number 41966)

(the "Company")

Transaction in own Shares

The Company announces that pursuant to the general authority granted by shareholders of the Company on 10 December 2024 to make market acquisitions of its own Redeemable Participating Preference Shares ("Shares"), it repurchased 360,000 Shares at a price of GBP 2.796582 per share, to be held in treasury, on 24th February 2025. This represents approximately 0.094 per cent of the Company's current issued Shares.

Following this transaction, the Company has in issue 383,517,764 Redeemable Participating Preference Shares, of which 63,920,000 are held in treasury.

For reporting purposes under the FCA's Disclosure Guidance and Transparency Rules, the market should exclude any shares held in treasury and should use the figure of 319,597,764 voting rights when determining if they are required to notify their interest in, or a change to their interest in the Company.

Enquiries:

Sanne Fund Services (Guernsey) Limited

Company Secretary

DDI: +44(0)020 353 3600

Email: [email protected]

Investec Bank plc

Broker

David Yovichic

DDI: +44(0)20 7597 4952

Email: [email protected]

LEI: 21380068AHZKY7MKNO47