AMCIL LIMITED — Net Asset Value 2010

Aug 3, 2010

4 August 2010

The Manager Company Announcements Office Australian Securities Exchange 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	July	2010	Cum Div	73 cents	71 cents
30	June	2010	Cum Div	70 cents	69 cents

The Net Tangible Asset Backing per Share for both 30 June and 31 July 2010 are before provision for the final dividend of 2 cents per share.

*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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Simon Pordage Company Secretary