AMCIL LIMITED — Net Asset Value 2015

Sep 30, 2015

1 October 2015

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 2015	87 cents	82 cents
31 August 2015	86 cents	81 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 2015.

Yours faithfully,

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Simon Pordage Company Secretary

AMCIL LIMITED

TOP 20 INVESTMENTS AS AT 30/09/2015

Valued at closing prices at 30 September 2015

1 OSH Oil Search 2 CBA Commonwealth Bank of Australia 3 BXB Brambles 4 TLS Telstra Corporation 5 CSL CSL 6 TPM TPG Telecom 7 QBE QBE Insurance Group 8 NAB National Australia Bank 9 LIC Lifestyle Communities 10 IPL Incitec Pivot 11 * BHP BHP Billiton 12 TCL Transurban Group 13 QUB Qube Holdings 14 CGL The Citadel Group 15 JHC Japara Healthcare 16 TWE Treasury Wine Estates 17 RMD ResMed 18 CSV CSG 19 SHL Sonic Healthcare 20 TGR Tassal Group As % of Total Portfolio (excludes Cash)	Total Value $ '000 12,502 11,272 8,474 7,854 7,314 7,113 6,959 6,895 6,750 6,737 6,657 5,467 5,346 4,742 4,520 4,400 4,362 3,865 3,833 3,756
	128,817
	60.7%

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

Cash position at 30 September 2015 - $4.4 million