AMCIL LIMITED — Net Asset Value 2008

Nov 5, 2008

6 November 2008

The Manager Company Announcements Office Australian Securities Exchange Limited Exchange Centre 20 Bridge Street Sydney NSW 2000

Electronic Lodgement

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Dear Sir or Madam

AMCIL Limited

Monthly Net Tangible Asset Backing Per Share

	Before Tax*	After Tax*
31 October 2008	57 cents	57 cents
30 September 2008	62 cents	62 cents

*The before and after tax numbers relate to the provision for deferred tax on the unrealised gains in the Company’s investment portfolio. The Company is a long term investor and does not intend disposing of its total long term investment portfolio. Under current Accounting Standards, the Company is required to provide for tax on any gains that may arise on such a theoretical disposal, after the utilisation of brought forward losses.

Yours faithfully,

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Andrew Porter Company Secretary