AMCIL LIMITED — Net Asset Value 2015

Jun 30, 2015

1 July 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	June	2015	91 cents	85 cents
31	May	2015	96 cents	89 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.

These figures are subject to audit.

Attached is a list of the Company’s Top Twenty Investments as at 30 June 2015.

Yours faithfully,

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Simon Pordage Company Secretary

AMCIL LIMITED

TOP 20 INVESTMENTS AS AT 30/06/2015

Valued at closing prices at 30 June 2015

1 CBA Commonwealth Bank of Australia 2 OSH Oil Search 3 BHP BHP Billiton 4 TLS Telstra Corporation 5 BXB Brambles 6 WBC Westpac Banking Corporation 7 NAB National Australia Bank 8 CSL CSL 9 QBE QBE Insurance Group 10 IPL Incitec Pivot 11 TCL Transurban Group 12 LIC Lifestyle Communities 13 QUB Qube Holdings 14 TPM TPG Telecom 15 AMP AMP 16 STO Santos 17 RMD ResMed 18 JHC Japara Healthcare 19 BKW Brickworks 20 JHX James Hardie Industries As % of Total Portfolio (excludes Cash)	Total Value $ '000 15,232 13,133 10,260 10,015 9,222 7,669 7,661 6,658 6,605 6,576 6,185 6,100 5,939 5,875 5,779 5,397 4,718 4,134 3,726 3,464
	144,349
	69.4%

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

Cash position at 30 June 2015 - $13.0 million