INVESTSMART GROUP LIMITED — Major Shareholding Notification 2008

Mar 11, 2008

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FACSIMILE TRANSMITTAL SHEET

To:	ASX	From:	Officium Investments
Fax:	1900 999 279	Pages:	5 (including cover sheet)
Phone:		Date:	12-03-08
Re:	Form 605	CC:
$\Box$ Urgent	$\Box$ For Review	$\Box$ Please Comment	$\Box$ Please Reply
$\bullet$ Comments:

To Whom It May Concern,

Please fiad enclosed form 605: Notice of ceasing to be a substantial holder.

This form has been mailed to the relating entity.

Regards.

The information in the facsimile is the property of the sender and is intended for the use of the individual or entity named. If you are not the intended recipient, please note that any disclosure, copying, dissemination o

605 - page 1/2 15 July 2001

haile is in only cont Form 605
				Corporations Act 2001 Soction 671B
Notice of ceasing to be a substantial holder
To Company Name/Scheme		Fat Prophets Australia Fund Limited
ACN/ARSN		111 772 359
	1. Details of substantial holder(1)
Namə	Officium Investments Pty Ltd 097 628 898 ACN/ARSN (If applicable)
The holder ceased to be a 27 41 /2007 substantial holder on 17 08/2007 The previous notice was given to the company on The previous notice was dated 17 '08' 2007 2. Changes in relevant interests Particulars of each change in, or change in the nature of, a refevant interest (2) of the substantial holder or an associate (3) in voting securities of the company or scheme, since the
		substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:
	Date of change	Ferson whose relewnthmest cbanged	Nature of change (4)		Consideration given in ralation to change(5)	Class (6) and number of securities affected	Person's votes affected
	See Anhexure A
3. Changes in association The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (1) with, the substantial holder in relation to voting interests in the company or scheme are as follows:
	Name and ACN/ARSN (if applicable)		Noture of association
4. Addresses The addresses of persons named in this form are as follows:
Nams			Attress
See Annexure C
Signature
	print name	John Nunan		Director capacity
	sign here				date	1 1

$\sim 10^{11}$

$\sim 10^{-1}$

608 page 3/2 15 July 2001

DIRECTIONS

• if there are a number of substantial hokiers with similar or related relevant interest (eg. a corporation and its related corporations, or the manager and trustee of an
  squity trust), the names could be included in an anne $(1)$ the form.
• Ø See the definition of "relevant loterest" in sections 608 and 6718(7) of the Corporations Act 2001.
• ø See the gefinition of "associate" in section 9 of the Corporations Act 2003.
• $\left( 4\right)$ fretude details of:
• any relevant agreementor other circumstances because of which the change in relevant interest cocurred. If subsection 6718(4) applies, a copy of any
  document setting out the terms of any relevant agreement, and a statement 銁
• any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or alisposal of the securities to
  which the relevant interest relates (indicating clearly the $\langle b \rangle$

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001,

• Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become
  entitled to receive in relation to that acquisition. Details m (5)
• 傅 The voting shares of a company constitute one class unless divided into separate classes.
• $\omega$ Give details, if appropriate, of the present association and any change in that association since the last eubstantial holding notice.

Annexure A

Date of change	Person whose relevant interest changed	Nature of change	Consideration given in relation to change	Class and number of securities affected	Person's votes affected
27 November 2007	Officium Investments Pty Ltd	Select Asset Management Ltd is the registered holder of the securities. Officium Investments Pty Ltd no longer has a relevant interest in more than 20% of the shares of Select Asset Management Ltd and therefore no longer has a deemed relevant interest in the securities.	n/a	3,459,967 Ordinary shares	3,459,967

This is Annexure A referred to in Form $605$ – Notice of ceasing to be a substantial holder signed and dated $7$ March $2008\,$

John Nunan

Director

Annexure B

Fat Prophets Australia Fund Limited

Name	------- Address
Officium Investments Pty Ltd	3/249 Coronation Drive, Milton, Qld, 4064

This is Annexure B referred to in Form $605 -$ Notice of ceasing to be a substantial holder signed and dated 7 March 2008

John Nunan

Director