AMCIL LIMITED — Net Asset Value 2017

Oct 3, 2017

4 October 2017

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 2017	90 cents	85 cents
31 August 2017	89 cents	84 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 2017.

Yours faithfully

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Matthew Rowe Company Secretary

AMCIL LIMITED

TOP 20 INVESTMENTS AS AT 30/09/2017

Valued at closing prices at 29 September 2017

1 BHP BHP 2 NAB National Australia Bank 3 WBC Westpac Banking Corporation 4 LIC Lifestyle Communities 5 CBA Commonwealth Bank of Australia 6 CSL CSL 7 QUB Qube Holdings 8 MFT Mainfreight 9 JHX James Hardie Industries 10 OSH Oil Search 11 TCL Transurban Group 12 IRE IRESS 13 TWE Treasury Wine Estates 14 CYB CYBG 15 CPU Computershare 16 AMC Amcor 17 SEK Seek 18 RIO Rio Tinto 19 ILU Iluka Resources 20 WES Wesfarmers As % of Total Portfolio (excludes Cash)	Total Value $ '000 11,981 10,745 10,668 9,988 8,943 8,727 7,469 7,462 7,072 6,419 5,940 5,686 5,642 5,140 5,098 5,048 4,981 4,955 4,700 4,694
	141,357
	64.1%

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

Cash position at 30 September 2017 - $16.6 million