AMCIL LIMITED — Net Asset Value 2014

Feb 3, 2014

4 F ebruary 2 014

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 Electronic Lodgement

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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*
31 January2 014	8 9 cents	83 cents
31D ecember 2013	9 1 cents	85 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.

Attached is a list of th e Compan y ’s Top T w enty Inve s tments as at 31 Jan u ary 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 31/01/2014

Valued at closing prices at 31 January 2014

1 OSH Oil Search 2 BHP BHP Billiton 3 NAB National Australia Bank 4 CBA Commonwealth Bank of Australia 5 STO Santos 6 BXB Brambles 7 TLS Telstra Corporation 8 ANZ Australia and New Zealand Banking Group 9 WBC Westpac Banking Corporation 10 TCL Transurban Group 11 TOX Tox Free Solutions 12 QBE QBE Insurance Group 13 AMP AMP 14 CCL Coca-Cola Amatil 15 EQT Equity Trustees 16 RIO Rio Tinto 17 AMC Amcor 18 TGR Tassal Group 19 IPL Incitec Pivot 20 CPU Computershare As % of Total Portfolio (excludes Cash)	Total Value $ '000 14,793 12,525 10,526 9,120 9,071 7,659 7,540 7,533 7,471 6,806 6,680 6,085 5,887 5,085 4,991 4,675 4,619 4,290 3,481 3,351
	142,188
	77.2%

Cash position at 31 January 2014 - $25.3 million