INVESTSMART GROUP LIMITED — Regulatory Filings 2008

Jan 22, 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 FAT PROPHETS AUSTRALIA FUND LIMITED	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 2 Date Appendix 3C was given to ASX	ON MARKET 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
	1,161,366	124,600
	$1,207,110.79	$117,960.55

• 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	5 If buy-back is an on-market buy-back	Before previous day	Previous day	Previous day	Previous day	Previous day
		highest price paid:$1.0682 date:15 November 2007 lowest price paid: $0.986667 date:21 January 2008	highest price paid: $0.9436 lowest price paid: $0.9436 highest price allowed under rule 7.33: $1.0511
	cipation by directors

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 1,982,126 number of shares - the remaining number of shares to be bought back

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: 23 January 2008 Company Secretary Print name: Clare T Porta == == == == ==

• See chapter 19 for defined terms.

Appendix 3E Page 2

30/9/2001