INVESTSMART GROUP LIMITED — Regulatory Filings 2008

Jan 9, 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 ON MARKET

• 2 Date Appendix 3C was given to 31 OCTOBER 2007

• ASX

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

• Before previous day Previous day

• 3 Number of shares bought back or if buy-back is an equal access 753,866 5,000 scheme, in relation to which acceptances have been received

• 4 Total consideration paid or payable for the shares $797,677.35 $5,116.83

• See chapter 19 for defined terms.

Appendix 3E Page 1

30/9/2001

Appendix 3E Daily share buy-back notice

		Before previous day	Previous day
5	If buy-back is an on-market	highest price paid:$1.0682	highest price paid:
	buy-back	date:15 November 2007	$1.02
		lowest price paid:$1.03	lowest price paid:
		date:20 December 2007	$1.02
			highest price allowed
			under rule 7.33:
			$1.091

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	2,509,226
	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: 10 January 2008 Company Secretary Print name: Clare T Porta == == == == ==

• See chapter 19 for defined terms.

Appendix 3E Page 2

30/9/2001