AMCIL LIMITED — Net Asset Value 2016

Aug 2, 2016

3 August 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	July	2016	Cum Div	98 cents	90 cents
30	June	2016	Cum Div	93 cents	87 cents

The Net Tangible Asset Backing per Share for both 30 June and 31 July 2016 are before the provision for the final dividend of 3.5 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 2016.

Yours faithfully

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Matthew Rowe Company Secretary

AMCIL LIMITED

TOP 20 INVESTMENTS AS AT 31/07/2016

Valued at closing prices at 29 July 2016

1 BXB Brambles 2 CSL CSL 3 CBA Commonwealth Bank of Australia 4 MYX Mayne Pharma Group 5 TPM TPG Telecom 6 LIC Lifestyle Communities 7 TWE Treasury Wine Estates 8 MFT Mainfreight 9 QUB Qube Holdings 10 JHX James Hardie Industries 11 TCL Transurban Group 12 * OSH Oil Search 13 QBE QBE Insurance Group 14 HSO Healthscope 15 NAB National Australia Bank 16 JHC Japara Healthcare 17 IPL Incitec Pivot 18 CGL The Citadel Group 19 VOC Vocus Communications 20 ARB ARB Corporation As % of Total Portfolio (excludes Cash)	Total Value $ '000 10,689 9,676 9,265 8,932 8,404 7,811 7,335 7,285 7,013 6,649 6,594 5,960 5,924 5,216 5,043 4,960 4,958 4,671 4,569 4,254
	135,205
	57.1%

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

Cash position at 31 July 2016 - $12.2 million