AMCIL LIMITED — Net Asset Value 2016

Sep 1, 2016

2 September 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*
31	August 2016Ex Div	94 cents	87 cents
31	July 2016Cum Div	98 cents	90 cents

The August 2016 figures are after the payment of the final dividend of 3.5 cents per share while the July figures are before the provision for the dividend.

*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 August 2016.

Yours faithfully

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Matthew Rowe Company Secretary

AMCIL LIMITED

TOP 20 INVESTMENTS AS AT 31/08/2016

Valued at closing prices at 31 August 2016

1 BXB Brambles 2 CSL CSL 3 LIC Lifestyle Communities 4 CBA Commonwealth Bank of Australia 5 TWE Treasury Wine Estates 6 MYX Mayne Pharma Group 7 TPM TPG Telecom 8 MFT Mainfreight 9 QUB Qube Holdings 10 JHX James Hardie Industries 11 TCL Transurban Group 12 * OSH Oil Search 13 HSO Healthscope 14 QBE QBE Insurance Group 15 WLL Wellcom Group 16 NAB National Australia Bank 17 ASZ ASG Group 18 IPL Incitec Pivot 19 AAD Ardent Leisure Group 20 FNP Freedom Foods Group As % of Total Portfolio (excludes Cash)	Total Value $ '000 9,298 8,864 8,780 8,615 8,256 8,140 7,984 7,387 6,985 6,615 6,017 5,683 5,392 5,357 5,347 5,195 5,120 4,923 4,489 4,439
	132,886
	56.4%

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

Cash position at 31 August 2016 - $7.6 million