AMCIL LIMITED — Net Asset Value 2014

Sep 2, 2014

3 September 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*
31	August 2014Ex Div	92 cents	85 cents
31	July 2014Cum Div	97 cents	90 cents

The August 2014 figures are after the provision for the final dividend of 2.5 cents per share and special dividend of 4 cents per share while the July figures are before the provision for both dividends.

*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 31 August 2014.

Yours faithfully,

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Simon Pordage Company Secretary

AMCIL LIMITED

TOP 20 INVESTMENTS AS AT 31/08/2014

Valued at closing prices at 29 August 2014

1 OSH Oil Search 2 CBA Commonwealth Bank of Australia 3 BHP BHP Billiton 4 WBC Westpac Banking Corporation 5 TCL Transurban Group 6 STO Santos 7 NAB National Australia Bank 8 TLS Telstra Corporation 9 BXB Brambles 10 QBE QBE Insurance Group 11 * CSL CSL 12 AMP AMP 13 EQT Equity Trustees 14 QUB Qube Holdings 15 IPL Incitec Pivot 16 TGR Tassal Group 17 RMD ResMed 18 BKW Brickworks 19 IPP iProperty Group 20 LIC Lifestyle Communities As % of Total Portfolio (excludes Cash)	Total Value $ '000 17,851 15,044 14,943 11,213 10,183 10,084 8,800 8,713 8,265 6,488 6,386 6,343 6,065 6,050 4,699 4,489 4,254 4,089 3,979 3,960
	161,897
	75.3%

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

Cash position at 31 August 2014 - $3.4 million