AMCIL LIMITED — Net Asset Value 2014

Jul 1, 2014

2 J uly 2014

T h e Manag e r A S X Market Announc e ments A u stralian Securities E xchange E x change Centre 2 0 Bridge S t reet S y dney NS W 2000

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Electronic Lodgement

D e ar Sir / M a dam

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 14	9 5 cents	88 cents
3 1 May 20 14	9 6 cents	89 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 a ny broug h t forward losses.

T h ese figur e s are subject to aud i t. Attached is a list of th e Compan y ’s Top T w enty Inve s tments as at 30 Jun e 2014.

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 30/06/2014

Valued at closing prices at 30 June 2014

1 OSH Oil Search 2 CBA Commonwealth Bank of Australia 3 BHP BHP Billiton 4 WBC Westpac Banking Corporation 5 STO Santos 6 TCL Transurban Group 7 NAB National Australia Bank 8 TLS Telstra Corporation 9 BXB Brambles 10 EQT Equity Trustees 11 QBE QBE Insurance Group 12 AMP AMP 13 QUB Qube Holdings 14 TOX Tox Free Solutions 15 IPL Incitec Pivot 16 TGR Tassal Group 17 CSL CSL 18 BKW Brickworks 19 SAI SAI Global 20 CPU Computershare As % of Total Portfolio (excludes Cash)	Total Value $ '000 17,814 14,963 14,629 10,842 9,697 9,336 8,195 8,164 7,995 6,704 5,757 5,717 5,700 4,732 4,350 4,343 4,126 3,964 3,833 3,787
	154,648
	77.3%

Cash position at 30 June 2014 - $20.0 million