AMCIL LIMITED — Net Asset Value 2009

Jun 30, 2009

1 July 2009

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 and Top 20 Investments

			Before Tax*	After Tax*
30	June	2009	60 cents	60 cents
31	May	2009	58 cents	58 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.

These figures are subject to audit.

Also attached please find a list of the Company’s 20 largest investments as at 30th June 2009.

Yours faithfully,

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Simon Pordage Company Secretary

AMCIL LIMITED

Top 20 Investments as at 30 June 2009

Valued at closing prices at 30 June 2009

1 WBC Westpac Banking Corporation 2 BHP BHP Billiton 3 CBA Commonwealth Bank of Australia 4 TLS Telstra Corporation 5 NAB National Australia Bank 6 QBE QBE Insurance Group 7 TOX Tox Free Solutions 8 PPC Peet 9 BKN Bradken 10 AMP AMP 11 EQT Equity Trustees 12 CCL Coca-Cola Amatil 13 BXB Brambles 14 AMC Amcor 15 OSH Oil Search 16 MCU Mitchell Communication Group 17 ASZ ASG Group 18 REA REA Group 19 OKN Oakton 20 ESG Eastern Star Gas Total As % of Total Portfolio (excludes Cash and Bank Bills)	Total Value $ '000 7,214 6,944 6,488 5,771 5,610 4,478 3,614 3,286 3,242 3,212 2,562 2,368 2,287 2,246 2,209 2,102 2,001 1,989 1,819 1,600
	71,041
	84.2%