A Report compiled by
the Boycott Woodchipping
Campaign

AMCOR Ltd

Corporate Profile
Overview May 1997-February 1999

Disclaimer: The information contained in this profile have been taken from sources believed to be reliable. BWC does not claim that the views of the sources quoted are accurate or complete and should not be relied on as such. Investment conclusions reached as a result of reading this profile are those of the reader. BWC makes no claim to giving market advice.


SUPERANNUATION AND CORPORATE SHAREHOLDERS

Maple-Brown Abbott Limited, by notice dated 23 February 1998, advised that it had become a substantial shareholder with a relevant interest in 32,102,531 shares. These shares are held by several nominee companies.

Concerned people should note that the majority of AMCOR Top Twenty Shareholders are superannuation holders. People should contact any of the above investors and let them know that by investing in AMCOR, they are investing in an environmentally unsustainable company that is harming the global environment. Please address all letters to the Chairman of the following companies.

Westpac Custodian Nominees Ltd.

Registered Office: Westpac Financial Services Group Limited
Level 36 Westpac Plaza, 60 Margaret Street, Sydney, NSW 2000.
Principal Place of Business: 50 Pitt Street, Sydney, NSW 2000.
Ultimate Holding Company: Westpac Banking Corporation Westpac Secretariat, 25th Floor, 60 Martin Place, Sydney NSW 2000.

ANZ Nominees Ltd.

Registered Office: Level 2, 100 Queen Street, Melbourne, Vic 3000.
Principal Place of Business: Level 25, 530 Collins Street, Melbourne, Victoria 3000.
Ph: (03) 9573 2600 - Fax: (03) 9273 2650.

National Nominees Ltd.

Registered Office: 24th Floor, 500 Bourke Street, Melbourne, Vic, 3000
Principal place of business: 5th Floor North, 271 Collins Street, Melbourne, Vic 3000
Ph: (03) 9659 6218 - Fax: (03) 9659 7922.
4000 shares, all owned by National Australia Bank Ltd - 24th Floor, 500 Bourke Street, Melb, Vic 3000.

Maple-Brown Abbott.

Address: Suite 1, Level 28, Westpac Plaza, 60 Margaret Street, Sydney, NSW, 2000.
Ph: 02 9241 1236 - Fax: 02 9221 5913.
Management of investment portfolios - wholesaler.
Christopher Abbott, Robert Lee Maple-Brown, John Keith Kightley, Kerry Vincent Bennett, Richard Alan Grundy, Douglas Ayton Rosiland Ware.

Chase Manhattan Nominees Ltd.

Registered Office: The Secretary's Office, Level 35 AAP Centre, 259 George Street, Sydney NSW, 2000.
Principal Place of Business: AAP Centre, Levels 32-37, 259 George Street, Sydney, NSW 2000.
Ultimate Holding Company: CMBAL Limited, Level 36, Qantas International Centre, George Street, Sydney, NSW 2000.
5 Ordinary shares all owned by CMBAL Ltd.


FOR FURTHER ADDRESSES PLEASE CONTACT BWC - MELBOURNE.



Shareprice Indicator

High: $8.93......... September 25 1997
Low: $5.72........... September 11 1998

October - November 1997 - average share price lost over $2 in value.
Between September 25 1997 and November 20 1997, AMCOR's share price tumbled from $8.93 to $6.18.
August - September 1998 - share price lost over $1.40 in value.
March - May 1998 - average share price gained $0.60 cents.
October 98 - Feb 99 - average share price gained $1.60 in value.



Average monthly share prices since May 1997.

May 1997........ av-$8.47.8
June 1997........ av:$8.58.1.......+$ 0.103
July 1997 ........ av:$8.63.2 ..... +$ 0.051
August 1997..... av:$8.32.9...... - $ 0.203
Sept 1997 ...... av:$8.66.1...... +$ 0.232
October 1997.... av:$8.003 ......- $ 0.658
Nov 1997....... av:$6.598...... - $ 1.405
Dec 1997 ...... av:$6.63...... +$ 0.032
January 98 ...... av:$6.618..... - $ 0.012
February 1998 .... av:$6.582 .... - $ 0.036
March 1998 ..... av:$6.678 ...... +$ 0.096
April 1998 ...... av:$6.915...... +$ 0.237
May 1998 ....... av:$7.194 ...... +$ 0.279
June 1998...... av:$6.759 ..... - $ 0.435
July 1998 ...... av:$7.269 ...... +$ 0.51
August 1998 ...... av:$6.811 ..... - $ 0.458
September 1998 ... av:$5.908...- $ 0.903
October 98...... av:$5.978...... +$ 0.07
Nov 1997 ...... av:$6.598...... +$ 0.62
December 98 ..... av:$6.806.... +$ 0.208
January 1999...... av:$7.069...... +$ 0.263
February 1999 .... av:$7.561.... +$ 0.492


TOP TWENTY SHAREHOLDERS AUGUST 1998
CHANGE FROM 1997

Westpac Custodian Nominees Ltd
91,314,579......... 14.22% ....... + 29,237,092
National Nominees Ltd
29,999,326......... 4.67% ......... + 2,956,230
Chase Manhattan Nominees Ltd
26,652,755......... 4.15% .......... + 2,790,007
ANZ Nominees Ltd
18,554,564........ 2.89% ......... - 18,132,414
Permanent Trustee Company Ltd
16,214,263......... 2.53% ........ + 1,921,187
BT Custodial Services Pty Ltd
15,614,317.......... 2.43% ........... ?
SAS Trustee Corporation
13,796,345.......... 2.15% ........ + 4,060,957
Perpetual Trustees Nominees Ltd
13,681,237......... 2.13% ........ + 2,128,920
Queensland Investment Corporation
13,477,037........ 2.10% ....... - 1,833,235
AMP Life Limited
12,336,381........ 1.92% ........ ?
Citicorp Nominees Pty Ltd
11,079,236........ 1.73% ......... + 1,378,019
MLC Ltd
11,039,918......... 1.72% ......... + 6,138,387
Australian Foundation Investment Co Ltd
8,689,852......... 1.35% ......... no change
NRMA Investments Pty Ltd
8,255,355........ 1.29% .......... no change
Commonwealth Custodial Services Ltd
7,564,590........ 1.18% ........ - 283,291
Perpetual Trustees Australia Ltd
5,762,146........ 0.90% ........... ?
IOOF Australia Trustees (NSW) Ltd
5,471,482........ 0.85% ......... ?
Permanent Trustee Australia Ltd
4,904,386....... 0.76% ......... ?
GIO Personal Investment Services Ltd
4,093,727........ 0.64% ........ + 277,677
Perpetual Trustee Company Ltd
3,556,154......... 0.55% ......... - 1,889,531


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