INVESTSMART GROUP LIMITED — Director's Dealing 2006

Sep 17, 2006

Appendix 3X

Rule 3.19A.1

Initial 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 AUSTRALIA FUND LIMITED
ABN	62 111 772 359

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Angus Geddes
Date of appointment	12 September 2006

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

One (1) Ordinary Share

One (1) Option

⁺ See chapter 19 for defined terms.

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

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 Financial Group Pty Ltd. (ABN 62 094 448 549). The director is a director, 55% shareholder and company secretary of the holder.	1,242,769 Ordinary Shares
Mint Asset Management Pty Ltd (ABN 93 101 978 858). The director is a director, 50% shareholder and company secretary of the holder.	790,000 Options

Part 3 – Director's interests in contracts

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.

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

$\overline{\div}$ See chapter 19 for defined terms.