AMCIL LIMITED — Net Asset Value 2015

Aug 4, 2015

5 August 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*
31	July	2015	Cum Div	95 cents	88 cents
30	June	2015	Cum Div	91 cents	85 cents

The Net Tangible Asset Backing per Share for both 30 June and 31 July 2015 are before the provision for the final dividend of 4.0 cents per share.

*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 July 2015.

Yours faithfully,

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Simon Pordage Company Secretary

AMCIL LIMITED

TOP 20 INVESTMENTS AS AT 31/07/2015

Valued at closing prices at 31 July 2015

1 CBA Commonwealth Bank of Australia 2 OSH Oil Search 3 BHP BHP Billiton 4 TLS Telstra Corporation 5 BXB Brambles 6 NAB National Australia Bank 7 WBC Westpac Banking Corporation 8 CSL CSL 9 QBE QBE Insurance Group 10 LIC Lifestyle Communities 11 AMP AMP 12 IPL Incitec Pivot 13 TPM TPG Telecom 14 QUB Qube Holdings 15 TCL Transurban Group 16 STO Santos 17 RMD ResMed 18 JHC Japara Healthcare 19 SHL Sonic Healthcare 20 TWE Treasury Wine Estates As % of Total Portfolio (excludes Cash)	Total Value $ '000 14,787 13,760 10,049 9,974 9,466 7,997 7,900 7,620 7,055 6,350 6,346 6,253 6,229 6,166 5,733 5,101 4,783 4,488 4,341 3,870
	148,268
	68.7%

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

Cash position at 31 July 2015 - $15.3 million