INVESTSMART GROUP LIMITED — Regulatory Filings 2008

Mar 24, 2008

Appendix 3E Daily share buy-back notice

Rule 3.8A

Appendix 3E

Daily share buy-back notice ( except minimum holding buy-back and selective buy-back)

Information and documents given to ASX become ASX’s property and may be made public.

Introduced 1/9/99. Origin: rule 3.6, Appendix 7C. Amended 30/9/2001.

Name of entity	ABN	ABN
FAT PROPHETS AUSTRALIA FUND LIMITED		62 111 772 359

We (the entity) give ASX the following information.

Information about buy-back

1	Type	of buy-back	ON MARKET
2	Date ASX	Appendix 3C was given to	31 OCTOBER 2007

Total of all shares bought back, or in relation to which acceptances have been received, before, and on, previous day

3 Number of shares bought back or if buy-back is an equal access scheme, in relation to which acceptances have been received 4 Total consideration paid or payable for the shares	Before previous day	Previous day
	1,285,966	34,503
	$1,325,071.34	$31,816.36

• See chapter 19 for defined terms.

Appendix 3E Page 1

30/9/2001

Appendix 3E Daily share buy-back notice

5 If buy-back is an on-market buy-back	Before previous day	Previous day
	highest price paid:$1.0682 date:15 November 2007 lowest price paid:$0.9436 date:22 January 2008	highest price paid: $0.9191 lowest price paid: $0.9191 highest price allowed under rule 7.33: $0.9881

Participation by directors

• 6 Deleted 30/9/2001.

How many shares may still be bought back?

7 If the company has disclosed an intention to buy back a maximum number of shares - the remaining number of shares to be bought back	1,947,623

Compliance statement

1. The company is in compliance with all Corporations Act requirements relevant to this buy-back.

2. There is no information that the listing rules require to be disclosed that has not already been disclosed, or is not contained in, or attached to, this form.

Sign here: Date: 25 March 2008 Company Secretary Print name: Clare T Porta == == == == ==

• See chapter 19 for defined terms.

Appendix 3E Page 2

30/9/2001