AMCIL LIMITED — Net Asset Value 2016

Oct 4, 2016

5 October 2016

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 2016	94 cents	87 cents
31 August 2016	94 cents	87 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 2016.

Yours faithfully

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Matthew Rowe Company Secretary

AMCIL LIMITED

TOP 20 INVESTMENTS AS AT 30/09/2016

Valued at closing prices at 30 September 2016

1 BXB Brambles 2 LIC Lifestyle Communities 3 MYX Mayne Pharma Group 4 CSL CSL 5 CBA Commonwealth Bank of Australia 6 TWE Treasury Wine Estates 7 MFT Mainfreight 8 QUB Qube Holdings 9 ASZ ASG Group 10 JHX James Hardie Industries 11 TCL Transurban Group 12 OSH Oil Search 13 TPM TPG Telecom 14 AMA AMA Group 15 HSO Healthscope 16 WLL Wellcom Group 17 QBE QBE Insurance Group 18 AAD Ardent Leisure Group 19 IPL Incitec Pivot 20 * BHP BHP Billiton As % of Total Portfolio (excludes Cash)	Total Value $ '000 9,045 8,990 8,800 8,774 8,687 8,116 7,507 6,408 6,360 6,198 5,969 5,956 5,646 5,473 5,410 5,186 5,017 4,914 4,871 4,425
	131,753
	57.3%

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

Cash position at 30 September 2016 - $14.4 million