INVESTSMART GROUP LIMITED — Transaction in Own Shares 2009

Oct 28, 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
$\mathbf{I}$	Type of buy-back	ON MARKET
2	+ Class of shares which is the subject of the buy-back (eg, ordinary/preference)	ORDINARY
3	Voting rights (eg, one for one)	ONE FOR ONE
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	TBA
10	Deleted 30/9/2001.
11	If the company intends to buy back a maximum number of shares - that number Note: This requires a figure to be included, not a percentage.	2,963,569 (SUBJECT TO REDUCTION BY PURCHASES UNDER CURRENT BUY BACK SCHEME 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

Appendix 3C Announcement of buy-back

Selective buy-back

Name of person or description of $N/A$
class of person whose shares are
proposed to be bought back

$N/A$

Number of shares proposed to be 17 bought back

18 Price to be offered for shares

N/A

Equal access scheme

• Percentage of shares proposed to be $N/A$ 19 bought back
• 20 Total number of shares proposed to be bought back if all offers are accepted

$\rm N/A$

• $21$ Price to be offered for shares
• $22$ *Record date for par offer Cross reference: Appendix 7A, cl

ticipation in $\mid N/A \rangle$
ause 9.

Compliance statement

• The company is in compliance with all Corporations Act requirements relevant to 1. 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. $\ell$ $\sim$

Sign here:	$\sim$ Date: 29 OCTOBER 2009 Company Secretary
Print name:	RICHARD FABRICIUS