AMCIL LIMITED — Net Asset Value 2014

Oct 1, 2014

2 October 2014

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*
30 September 2014	87 cents	81 cents
31 August 2014	92 cents	85 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 any brought forward losses.

Attached is a list of the Company’s Top Twenty Investments as at 30 September 2014.

Yours faithfully,

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Simon Pordage Company Secretary

AMCIL LIMITED

TOP 20 INVESTMENTS AS AT 30/09/2014

Valued at closing prices at 30 September 2014

1 OSH Oil Search 2 CBA Commonwealth Bank of Australia 3 BHP BHP Billiton 4 WBC Westpac Banking Corporation 5 STO Santos 6 TLS Telstra Corporation 7 BXB Brambles 8 TCL Transurban Group 9 NAB National Australia Bank 10 QBE QBE Insurance Group 11 * CSL CSL 12 QUB Qube Holdings 13 AMP AMP 14 TPM TPG Telecom 15 RMD ResMed 16 LIC Lifestyle Communities 17 IPL Incitec Pivot 18 BKW Brickworks 19 CPU Computershare 20 TOX Tox Free Solutions As % of Total Portfolio (excludes Cash)	Total Value $ '000 16,432 13,929 13,802 9,642 9,423 8,305 8,282 8,016 7,484 6,567 6,408 6,250 5,890 4,309 4,232 4,157 4,108 3,903 3,690 3,591
	148,420
	75.3%

• Indicates that options were outstanding against part of the holding.

Cash position at 30 September 2014 - $8.4 million