AMCIL LIMITED — Net Asset Value 2015

Apr 6, 2015

7 April 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 March 2015	96 cents	88 cents
28 February 2015	95 cents	88 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 31 March 2015.

Yours faithfully

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Andrew Porter Company Secretary

AMCIL LIMITED

TOP 20 INVESTMENTS AS AT 31/03/2015

Valued at closing prices at 31 March 2015

1 CBA Commonwealth Bank of Australia 2 OSH Oil Search 3 BHP BHP Billiton 4 WBC Westpac Banking Corporation 5 TLS Telstra Corporation 6 BXB Brambles 7 NAB National Australia Bank 8 QUB Qube Holdings 9 TCL Transurban Group 10 CSL CSL 11 IPL Incitec Pivot 12 RMD ResMed 13 AMP AMP 14 QBE QBE Insurance Group 15 TPM TPG Telecom 16 LIC Lifestyle Communities 17 STO Santos 18 BKW Brickworks 19 JHC Japara Healthcare 20 CPU Computershare As % of Total Portfolio (excludes Cash)	Total Value $ '000 17,279 13,264 12,645 11,744 10,278 10,022 8,867 7,505 7,331 7,093 6,952 6,510 6,440 6,301 6,006 5,925 4,908 4,191 4,073 3,860
	161,194
	76.1%

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

Cash position at 31 March 2015 - $19.7 million