INVESTSMART GROUP LIMITED — Director's Dealing 2005

Oct 23, 2005

Appendix 3Z

Rule 3.19A.3

Final Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

Name of entity	Fat Prophets Australian Fund Limited
ABN	61 111 772 359

We (the entity) give ASX the following information under listing rule 3.19A.3 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of director	Jason McIntosh
Date of last notice	April 20, 2005
Date that director ceased to be director	October 20, 2005

Part 1 - Director's relevant interests in securities of which the director is the registered holder In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Number & class of securities

⁺ See chapter 19 for defined terms.

Part 2 - Director's relevant interests in securities of which the director is not the registered holder

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of interest Note: Provide details of the circumstances giving rise to the relevant interest	Number & class of securities
Mint Asset Management Pty Ltd $(ABN 93 101 978 858) - the$ director is one of 2 directors and 2 equal shareholders of the holder, and is the secretary of the holder.	560,000 Stapled Securities
Mrs. Fiona McIntosh – the holder is the directors wife.	10,000 Stapled Securities

Part 3 – Director's interests in contracts

Detail of contract
Nature of interest
Name of registered holder
(if issued securities)
No. and class of securities to
which interest relates

$+$ See chapter 19 for defined terms.