INVESTSMART GROUP LIMITED — Regulatory Filings 2008

May 21, 2008

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of 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.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	ANDREW JOHN BROWN
Date of last notice	22 APRIL 2008

Part 1 - Change of director’s relevant interests in securities

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.

Direct or indirect interest	INDIRECT
Nature of indirect interest	ROWE STREET INVESTMENTS				PTY.
(including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	LIMITED; GOLDLINK GROWTHPLUS LIMITED;
	BOTH CONTROLLED		ENTITIES		OF
	TIDEWATER INVESTMENTS LIMITED IN
	WHICH ANDREW	BROWN		IS	A
	DIRECTOR AND		SUBSTANTIAL
	SHAREHOLDER
Date of change	16 MAY 2008
No. of securities held prior to change	1,791,346 ORDINARY	SHARES
Class	ORDINARY SHARES
Number acquired	17,000
Number disposed	NIL
Value/Consideration	$17,730
Note: If consideration is non-cash, provide details and estimated
valuation

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	1,808,346
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	ON MARKET PURCHASE

Part 2 – Change of 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) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002