AMCIL LIMITED — Net Asset Value 2016

Jul 4, 2016

5 July 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	June	2016	93 cents	87 cents
31	May	2016	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 2016.

Yours faithfully

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Andrew Porter Company Secretary

AMCIL LIMITED

TOP 20 INVESTMENTS AS AT 30/06/2016

Valued at closing prices at 30 June 2016

1 BXB Brambles 2 CSL CSL 3 MYX Mayne Pharma Group 4 CBA Commonwealth Bank of Australia 5 TPM TPG Telecom 6 LIC Lifestyle Communities 7 MFT Mainfreight 8 TWE Treasury Wine Estates 9 QUB Qube Holdings 10 TCL Transurban Group 11 OSH Oil Search 12 JHX James Hardie Industries 13 QBE QBE Insurance Group 14 IPL Incitec Pivot 15 HSO Healthscope 16 JHC Japara Healthcare 17 NAB National Australia Bank 18 CGL The Citadel Group 19 * SHL Sonic Healthcare 20 FPH Fisher & Paykel Healthcare Corporation As % of Total Portfolio (excludes Cash)	Total Value $ '000 10,514 9,199 9,090 8,924 7,795 7,627 7,080 7,016 6,630 6,295 6,277 6,237 5,632 5,131 5,040 4,884 4,832 4,808 3,990 3,961
	130,960
	56.1%

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

Cash position at 30 June 2016 - $7.4 million