AMCIL LIMITED — Net Asset Value 2011

Jul 3, 2011

4 J uly 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

Month ly Net T angible	A sset Bac king Per Share an d Top 20 Investm ents	A sset Bac king Per Share an d Top 20 Investm ents
	Be fore Tax*	Aft er Tax*
3 0 June 20 11	7 8 cents	75 cents
3 1 May 20 11	7 9 cents	76 cents

• 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.

T h ese figur e s are subject to aud i t.

Al s o attach e d please find a list o f the Com p any’s 20 l argest investments a s at 30[th] J une 2011.

Y o urs faithf u lly,

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Simon Pord a ge C o mpany S e cretary

AMCIL LIMITED

TOP 20 INVESTMENTS AS AT 30/06/2011

Valued at closing prices at 30 June 2011

1 CBA Commonwealth Bank of Australia 2 HDF Hastings Diversified Utilities Fund 3 WBC Westpac Banking Corporation 4 BHP BHP Billiton 5 NAB National Australia Bank 6 TCL Transurban Group 7 BKN Bradken 8 QBE QBE Insurance Group 9 ANZ Australia & New Zealand Banking Group 10 ILU Iluka Resources 11 TLS Telstra Corporation 12 TOX Tox Free Solutions 13 AIX Australian Infrastructure Fund 14 AMC Amcor 15 OSH Oil Search 16 CCL Coca-Cola Amatil 17 BXB Brambles 18 AMP AMP 19 ASZ ASG Group 20 CPB Campbell Brothers As % of Total Portfolio (excludes Cash)	Total Value $ '000 9,223 9,191 8,171 7,509 6,846 6,454 5,781 5,303 5,237 5,034 4,920 4,669 4,276 4,077 4,062 3,997 3,971 3,968 3,401 3,381
	109,470
	74.0%