INVESTSMART GROUP LIMITED — Regulatory Filings 2010

Jun 30, 2010

$\overline{a}$

Form 605

Corporations Act 2001

Section 671B

Notice of ceasing to be a substantial holder

To: Company Name/Scheme ACN/ARSN	Fat Prophets Australia Fund Ltd 111 772 359
1.	Details of substantial holder (1)
Name	Select Asset Management Limited
ACN (if applicable)	101 103 011
The holder ceased to be a substantial shareholder on	30/06/2010
previous notice was The given to the company on	12/01/2010
The I previous notice was dated	14/01/2010

$2.$ Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest or the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change	Class and number of securities affected	Person's votes affected
30/06/2010	Refer to Annexure "A"	Share disposal	\$4,104,050	4534.862	4,534,862

$\overline{\mathbf{3}}$ Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN (if applicable)	Nature of association

4. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Select Asset Management Limited	Level 10, 2 Bulletin Place, Sydney NSW 2000

Signature

This Annexure A of 1 page referred to in Form 605, Notice of ceasing to be a substantial holder

Select Asset Management Limited ACN 101 103 011

Items 3 and 4

The substantial shareholder, Select Asset Management Limited holds Fat Prophets Australia Fund Limited ACN 111 772 359 as Manager of the Select Growth Portfolio ARSN 102 769 237, the Select Listed Investments Fund ARSN 119 534 048 and the Select Defensive Portfolio ARSN 102 769 406. Select Asset Management Limited has the power to disclose and exercise voting rights on behalf of investors in the Select Defensive Portfolio, the Select Growth Portfolio and the Select Listed Investments Fund.

$\mathbf{C}$	Date:
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