INVESTSMART GROUP LIMITED — AGM Information 2007

Dec 13, 2007

Fat Prophets Australia Fund Limited Annual General Meeting 2007

Robert Bolton Chairman 14 December 2007

Agenda

Welcome & Introductions Chair’s Address Formal Business Acceptance of Annual Financial Report Adoption of Remuneration Report Re-election of Robert Bolton as Director

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Questions Close of Meeting Investment Manager’s Report

2

Financials

• 1 July 2006 to 30 June 2007

• Net profit after tax: $5,389,519 An increase of 139%

• Basic & diluted earnings per share grew from 7.0 to 16.8 cents per share

• NTA (before tax) per share rose from $1.1999 to $1.4304

• Gain of 26.1%

 Benchmark ASX 300 All Accumulation index up 29.2%

3

Share Price

 FAT shares have been trading at a significant discount to NTA

 On market share buy-back commenced in September 2006. It is continuing.

 To 30 November 2007, 2,142,798 shares have been bought back. – The issued capital is 32,697,920 ordinary shares

 Participated in BHP share buyback in March 2007 – share value accretive

 Progressive capital management approach

4

Dividend

Type	Date	Paid (cents per share)
Interim -2006	26 April 2006	1.2
Final - 2006	24 October 2006	2.1
Interim – 2007	20 April 2007	2.0
Special – 2007	20 April 2007	1.0
Final – 2007	24 October 2007	2.0
Special – 2007	24 October 2007	1.0

Formal Business & Voting

 Item 2 - Financial Statements for the year ended 30[th] June 2007.

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Formal Business & Voting

 Item 3 and Resolution 1 – Adoption of Remuneration Report

– Eligible proxies received

7,371,088

– Proxies for resolution

4,189,168

– Proxies against resolution

– Proxies to exercise discretion

– Proxies abstaining from voting

634,787 2,547,133 41,000

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Formal Business & Voting

• Item 4 Re-election of Directors

• Resolution 2 – Re-election of Robert Bolton as a Director

– Eligible proxies received

7,397,088

– Proxies for resolution

– Proxies against resolution

– Proxies to exercise discretion

– Proxies abstaining from voting

4,715,955 134,000 2,547,133 15,000

8

Questions?

Conclusion

• Your comments appreciated on website and monthly NTA

• Final exercise date of $1.00 options is 20 April 2008

• Concludes the meeting

• Thank you for attending

• Investment Manager’s Report

– Andrew Brown, Tidewater Investments Limited

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