AMCIL LIMITED — Net Asset Value 2011

Nov 2, 2011

3 N ovembe r 2011

T h e Manag e r C o mpany A n nouncements Offic e A u stralian Securities E xchange E x change Centre 2 0 Bridge S t reet S y dney NS W 2000

Electronic Lodgement D e ar Sir or M adam

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		AMCIL Limited
	Monthly	Net Tangible AssetBacking	Per Share
		Before Tax*	After Tax*
31	October2011	74 cents	72cents
30S	eptember2011	69 cents	68cents

• T he before and after tax num b ers relate to the pr o vision fo r deferred tax on th e unrealis e d g a ins in the Compan y ’s invest m ent portf o lio. The C ompany i s a long t e rm invest o r and do e s n o t intend d isposing of its tot a l long te r m invest m ent portfolio. Und e r current Accounti n g Standards, t he Comp a ny is req u ired to pr o vide for tax on any gains tha t may arise on such a th e oretical disposal, a f ter the utilisation of b rought fo r ward loss e s.

Y o urs faithf u lly,

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Simon Pord a ge C o mpany S e cretary