AMCIL LIMITED — Net Asset Value 2012

Aug 1, 2012

2 August 2012

The Manager ASX Market Announcements Australian Securities Exchange Exchange Centre 20 Bridge Street Sydney NSW 2000

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Electronic Lodgement

Dear Sir / Madam

AMCIL Limited

Monthly Net Tangible Asset Backing Per Share and Top 20 Investments

				Before Tax*	After Tax*
31	July	2012	Cum Div	79 cents	75 cents
30	June	2012	Cum Div	77 cents	74 cents

The Net Tangible Asset Backing per Share for both 30 June and 31 July 2012 are before provision for the final dividend of 2.5 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.

Attached is a list of the Company’s Top Twenty Investments as at 31 July 2012.

Yours faithfully,

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Simon Pordage Company Secretary

AMCIL LIMITED

TOP 20 INVESTMENTS AS AT 31/07/2012

Valued at closing prices at 31 July 2012

1 HDF Hastings Diversified Utilities Fund 2 CBA Commonwealth Bank of Australia 3 WBC Westpac Banking Corporation 4 TCL Transurban Group 5 OSH Oil Search 6 NAB National Australia Bank 7 TLS Telstra Corporation 8 ANZ Australia & New Zealand Banking Group 9 TOX Tox Free Solutions 10 BHP BHP Billiton 11 AIX Australian Infrastructure Fund 12 CCL Coca-Cola Amatil 13 SXY Senex Energy 14 AMP AMP 15 AMC Amcor 16 ORG Origin Energy 17 BXB Brambles 18 IPL Incitec Pivot 19 CPB Campbell Brothers 20 BKN Bradken As % of Total Portfolio (excludes Cash)	Total Value $ '000 11,430 10,606 8,284 7,801 7,181 7,034 6,809 6,733 6,627 6,528 6,164 5,105 4,656 4,366 4,270 4,114 4,092 3,474 3,466 3,318
	122,057
	77.8%