INVESTSMART GROUP LIMITED — Regulatory Filings 2009

Dec 1, 2009

Appendix 3C Announcement of buy-back

Rule 3.8A

Appendix 3C

Announcement of buy-back (except minimum holding buy-back)

Information and documents given to ASX become ASX's property and may be made public. Introduced 1/9/99. Origin: Appendix 7B. Amended 13/3/2000, 30/9/2001.

	Name of entity		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
$\overline{c}$	*Class of shares which is the subject buy-back of the (eg, ordinary/preference)	ORDINARY
3	Voting rights (eg, one for one)	ONE FOR ONE
$\overline{4}$	Fully paid/partly paid (and if partly paid, details of how much has been paid and how much is outstanding)	FULLY PAID
5	Number of shares in the *class on issue	29,635,693
6	Whether shareholder approval is required for buy-back	NO 1
7	Reason for buy-back	TO FAIR VALUE	CAPITAL MANAGEMENT AND DISCOUNT

8	Any other information material to a shareholder's decision whether to accept the offer (eg, details of any proposed takeover bid)	NO 1
	On-market buy-back
9	Name of broker who will act on the company's behalf	UBS Wealth Management Australia
10	Deleted 30/9/2001
11	If the company intends to buy back a maximum number of shares - that number	2,963,569 (SUBJECT TO REDUCTION BY PURCHASES UNDER CURRENT BUY BACK SCHEME
	Note: This requires a figure to be included, not a percentage.	EXPIRING 17 NOVEMBER 2009)
12	If the company intends to buy back shares within a period of time - that period of time; if the company intends that the buy-back be of unlimited duration - that intention	12 MONTHS COMMENCING 18 NOVEMBER 2009
13	If the company intends to buy back shares if conditions are met - those conditions	N/A
	Employee share scheme buy-back
14	Number of shares proposed to be bought back	N/A
15	Price to be offered for shares	N/A

+ See chapter 19 for defined terms.

30/9/2001

	Appendix 3C
Announcement of buy-back

Selective buy-back

16	Name of person or description of class of person whose shares are proposed to be bought back	N/A
17	Number of shares proposed to be bought back	N/A
18	Price to be offered for shares	N/A
	Equal access scheme
19	Percentage of shares proposed to be bought back	N/A
20	Total number of shares proposed to be bought back if all offers are accepted	N/A
21	Price to be offered for shares	N/A
22	*Record date for participation in offer	N/A

Cross reference: Appendix 7A, clause 9.

Compliance statement

• The company is in compliance with all Corporations Act requirements relevant to 1. this buy-back.
• There is no information that the listing rules require to be disclosed that has not $2.$ already been disclosed or is not contained in, or attached to, this form.

. . Sign here:	Date: 2 Decemeber 2009 Complify Secretary
Print name:	RICHARD FABRICIUS

$+$ See chapter 19 for defined terms.