INVESTSMART GROUP LIMITED — Regulatory Filings 2008

Jan 31, 2008

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Fat Prophets Australia Fund Ltd ACN 111 772 359 Level 33 2 Park St Sydney NSW 2000 02 8258 0015 fatfund@fatprophets.com.au

Notice of Share Cancellation

Following the recent on-market buy-back of 552,100 ordinary shares for $548,262.63 (including brokerage) and the subsequent cancellation of these shares, the issued capital of Fat Prophets Australia Fund Limited is now 31,417,474 ordinary shares at a paid up value of $31,368,647.34. Refer to the accompanying Form 484 for further details.

Clare Porta Company Secretary

1 February 2008

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