INVESTSMART GROUP LIMITED — Transaction in Own Shares 2008

Jan 2, 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

3Number of shares bought back orif buy-back is an equal accessscheme, in relation to whichacceptances have been received4Totalconsiderationpaidorpayable for the shares	Before previous day	Previous day
	733,866	5,000
	$776,808.71	$5,217.16

• See chapter 19 for defined terms.

Appendix 3E Page 1

30/9/2001

Appendix 3E Daily share buy-back notice

5If buy-back is an on-marketbuy-back	Before previous day	Previous day
	highest price paid:$1.0682date:15 November 2007lowest price paid:$1.03date:20 December 2007	highest price paid:$1.04lowest price paid:$1.04highest price allowedunder rule 7.33:$1.091

Participation by directors

• 6 Deleted 30/9/2001.

How many shares may still be bought back?

7If the company has disclosed anintention to buy back a maximumnumber of shares - the remainingnumber of shares to be boughtback	2,529,226

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

• See chapter 19 for defined terms.

Appendix 3E Page 2

30/9/2001