Ann: NTA: AFI: Monthly Net Tangible Asset Backing

• Release Date: 03/05/12 13:47
• Summary: NTA: AFI: Monthly Net Tangible Asset Backing Per Share
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AFI
03/05/2012 11:47
NTA

REL: 1147 HRS Australian Foundation Investment Company Limited

NTA: AFI: Monthly Net Tangible Asset Backing Per Share

3 May 2012

The Manager
ASX Market Announcements
Australian Securities Exchange
Exchange Centre
Level 4
20 Bridge Street
Sydney NSW 2000

Electronic Lodgement

Australian Foundation Investment Company Limited
Monthly Net Tangible Asset Backing Per Share

Dear Sir / Madam

30 April 2012
(Before Tax *) $4.64
(After Tax *) $4.04

31 March 2012
(Before Tax *) $4.57
(After Tax *)$4.00

*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 do not include the effects of any dilution that would arise
from the
conversion of the outstanding Convertible Notes.

Yours faithfully
Simon Pordage
Company Secretary
End CA:00222519 For:AFI    Type:NTA        Time:2012-05-03 11:47:57